Thai economic activity remained steady, with private consumption and merchandise exports improving. Government spending increased, but tourism slowed and private investment declined.
..
Thai economic activity remained steady, with private consumption and merchandise exports improving. Government spending increased, but tourism slowed and private investment declined. Inflation decreased, while the current account surplus grew. Labor market conditions improved.
Summary
The overall Thai economic activity remained at a similar level compared to the previous month. Private consumption slightly increased, mainly in non-durables. Merchandise exports improved across several categories, although some of these improvements were temporary.
Government spending expanded, driven by both current and investment expenditures from the central government, as well as investments by state-owned enterprises. However, the tourism sector slowed down due to a decrease in foreign tourist arrivals, following a period of good expansion.
Meanwhile, private investment declined, particularly in…