"The Thai economy in June and the 2 nd quarter of 2018 showed expanding signs from domestic demand as real VAT collection increased and passenger car sales expanded highly. Likewise, private investment continued to improve. Meanwhile, the external demand expanded as export values continued to expand. For the supply side, the number of inbound foreign tourists and the Agricultural Production Index expanded well. As a result, real income's farmers expanded for the 4 th consecutive month. In addition, the Thai Industries Sentiment Index (TISI) showed the highest expansion in 42 months"
Ms. Kulaya Tantitemit, Inspector General of the Ministry of Finance as Spokesperson of the Ministry of Finance, and Mr. Pisit Puapan, Senior Expert on Macroeconomic Policy as Deputy Spokesperson of the Fiscal Policy Office revealed the economic report in June and the 2 nd quarter of 2018 that "The Thai economy in June and the 2 nd quarter of 2018 showed expanding signs from domestic demand as real VAT collection increased and passenger car sales expanded highly. Likewise, private investment continued to improve. Meanwhile, the external demand expanded as export values continued to expand. For the supply side, the number of inbound foreign tourists and the Agricultural Production Index expanded well. As a result, real income's farmers expanded for the 4 th consecutive month. In addition, the Thai Industries Sentiment Index (TISI) showed the highest expansion in 42 months"
Economic indicators on private consumption expenditures in June and the 2 nd quarter of 2018 continually improved.
Economic indicators on private investment in June 2018 expanded particularly the investment in equipment and machinery.
External demand as reflected by export values in June 2018 were 21.8 billion USD expanding for 16 th consecutive month at 8.2 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 42/2018
26 July 2018
Source: Fiscal Policy Office / www.fpo.go.th