"The Thai economy in March and the 1 st Quarter of 2018 expanded continually particularly in the external demand side as exports of goods expanded robustly while the domestic demand continued to expand from private investment. For the supply side, the number of inbound foreign tourists continued to grow and Agricultural Production Index (API) increased continually. In addition, the Consumer Confidence Index (CCI) and Thai Industries Sentiment Index (TISI) showed improving signs"
Mr. Pornchai Thiraveja, Financial Policy Advisor and Spokesperson of the Fiscal Policy Office, and Mr. Pisit Puapan, Senior Expert on Macroeconomic Policy and Deputy Spokesperson of the Fiscal Policy Office revealed the economic report in March and the first quarter of 2018 that "The Thai economy in March and the 1st Quarter of 2018 expanded continually particularly in the external demand side as exports of goods expanded robustly while the domestic demand continued to expand from private investment. For the supply side, the number of inbound foreign tourists continued to grow and Agricultural Production Index (API) increased continually. In addition, the Consumer Confidence Index (CCI) and Thai Industries Sentiment Index (TISI) showed improving signs"
Economic indicators on private consumption expenditures decelerated in March 2018 but expanded continually in the first quarter of 2018.
Economic indicators on private investment in March and the first quarter of 2018 continued to improve particularly in equipment and machinery sector as commercial car sales expanded continually.
External demand continued to grow from the previous month and from the previous quarter.
Supply-side indicators were supported by the number of inbound foreign tourists and Agricultural Product Index (API) which continually expanded.
Internal economic stabilities remained favourable and external economic stability remained robust.
Number 22/2018
27 April 2018
Source: Fiscal Policy Office / www.fpo.go.th