Mr. Warotai Kosolpisitkul, Deputy Director-General of the Fiscal Policy Office acting Fiscal Policy Advisor, revealed the economic report in February 2018 that "The Thai economy in February 2018 expanded continually particularly in the demand side as exports of goods expanded robustly and private consumption improved reflected by real VAT collection, passenger car sales, and import of consumption goods. For the supply side, the number of inbound foreign tourists continued to grow highly and Agricultural Production Index (API) increased continually."
Economic indicators on private consumption expenditures expanded well.
Economic indicators on private investment continued to improve particularly in equipment and machinery sector supported by tax measures for domestic investment promotion.
External demand as reflected by export values highly expanded for 12 th consecutive month.
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.
Number 17/2018
29 March 2018
Source: Fiscal Policy Office / www.fpo.go.th