Number 9/2018
26 February 2018
Monthly Economic Report (January 2018)
"The Thai economy in January 2018 expanded continually particularly in the demand side as exports of goods expanded robustly and highest in 62 months. Meanwhile, private consumption improved reflected by real VAT collection, passenger car sales, and the improvement of Consumer Confidence Index (CCI) which was highest in 34 months. In addition, private investment was supported by tax measures for domestic investment promotion. For the supply side, the number of inbound foreign tourists continued to grow highly and Agriculture Production Index (API) increased with acceleration rate. Likewise, Thai Industries Sentiment Index (TISI) improved and highest in 36 months."Mr. Pornchai Thiraveja, Financial Policy Advisory of the Fiscal Policy Office as Deputy Spokesperson of the Ministry of Finance revealed the economic report in January 2018 that "The Thai economy in January 2018 expanded continually particularly in the demand side as exports of goods expanded robustly and highest in 62 months. Meanwhile, private consumption improved reflected by real VAT collection, passenger car sales, and the improvement of Consumer Confidence Index (CCI) which was highest in 34 months. In addition, private investment was supported by tax measures for domestic investment promotion. For the supply side, the number of inbound foreign tourists continued to grow highly and Agriculture Production Index (API) increased with acceleration rate. Likewise, Thai Industries Sentiment Index (TISI) improved and highest in 36 months."
Economic indicators on private investment continued to improve in both equipment and machinery sector and construction sector supported by tax measures for domestic investment promotion.
External demand as reflected by export values highly expanded for 11 th consecutive month, highest in 62 months.
Supply-side indicators were supported by the number of inbound foreign tourists and Agricultural Product Index (API) which highly expanded.
Internal economic stabilities remained favourable and external economic stability remained robust.
Source: Fiscal Policy Office / www.fpo.go.th