Unemployment in Thailand
Thailand - UnemploymentThe economy decelerated markedly in Q1 2019 as political uncertainty undermined domestic demand, despite low unemployment and muted inflationary pressures. The external sector also dragged on the economy, with exports contracting at the sharpest rate in over seven years. Second quarter data, meanwhile, sent mixed signals. Private consumption growth continued to slow in April amid increased consumer pessimism, and exports declined again in the same month. However, the manufacturing sector seemingly strengthened: PMI data showed a stronger improvement in operating conditions in April–May, while indsutrial output rebounded in April from a weak first quarter. In the political arena, Prayuth Chan-o-cha was officially sworn in as prime minister on 11 June; however, a weak majority and political fragmentation will likely hinder policymaking.
Thailand - Unemployment Data
5 years of economic forecasts for more than 30 economic indicators.
Thailand Unemployment Chart
Source: Bank of Thailand and FocusEconomics calculations.
|Bond Yield||1.97||0.0 %||Jul 11|
|Exchange Rate||30.57||0.17 %||Jul 11|
|Stock Market||1,740||-1.41 %||Jul 11|
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July 4, 2019
Thai consumer prices dropped 0.36% month-on-month in June, swinging from a 0.48% increase in the prior month.
June 28, 2019
Thai manufacturing output fell 4.0% year-on-year in May, swinging from a revised 1.5% expansion in April (previously reported: +2.0% year-on-year).
June 28, 2019
In May, Thailand recorded a small trade surplus of USD 0.2 billion, contrasting the USD 1.5 billion shortfall in April.
June 26, 2019
In a unanimous vote at its 26 June meeting, the Monetary Policy Committee of the Bank of Thailand stood pat and left the policy rate unchanged at 1.75%. The decision reflected unchanged inflation expectations from the prior meeting, although the Bank expects economic momentum to wane somewhat this year amid a harsher external environment affecting exports.
June 4, 2019
Consumer prices increased 0.48% month-on-month in May, up from the prior month’s 0.44% rise, reflective on noticeable price increases for food and non-alcoholic beverages, while transportation and communication costs also rose albeit at a softer pace than in the prior month.