"The Thai economy in May 2018 improved continually as reflected by exports of goods, and tourism sector which expanded well. Meanwhile, the private investment showed recovering signs. In addition, farmers' real income expanded by 9.0% per year, the highest in 13 months, resulting in higher expectation of private consumption in the future."
Mr. Pornchai Thiraveja, Financial Policy Advisory of the Fiscal Policy Office as Spokesperson of the Fiscal Policy Office, and Mr. Soraphol Tulayasathien, Executive Director of Macroeconomic Policy Bureau revealed the economic report in May 2018 that "The Thai economy in May 2018 improved continually as reflected by exports of goods, and tourism sector which expanded well. Meanwhile, the private investment showed recovering signs. In addition, farmers' real income expanded by 9.0% per year, the highest in 13 months, resulting in higher expectation of private consumption in the future."
Economic indicators on private consumption expenditures in May 2018 continually improved.
Economic indicators on private investment in May 2018 showed recovering signs in both equipment and machinery and construction sectors.
External demand as reflected by export values in May 2018 were 22.3 billion USD expanding for 15 th consecutive month at 11.4 percent per year.
Supply-side indicators were supported by Agricultural Product Index (API) which expanded well, while the number of inbound foreign tourists increased as well.
Internal economic stabilities remained favourable and external economic stability remained robust.
Number 31/2018
28 June 2018
Source: Fiscal Policy Office / www.fpo.go.th