"The Thai economy "The Thai economy in July of 2018 expanded from domestic demand as private consumption showed expanding signs from real VAT collection and passenger car sales. In addition, Consumer Confidence Index (CCI) stood at 69.1 points, highest in 42 months. Meanwhile, the external demand expanded as export values continued to expand. For the supply side, the Agricultural Production Index expanded for the 8th consecutive month. As a result, real income's farmers expanded for the 5th consecutive month. On the manufacturing sector, the Thai Industries Sentiment Index (TISI) showed the highest expansion in 62 months""
Mr. Pornchai Thiraveja, Financial Policy Advisory as Spokesperson of the Fiscal Policy Office, and Mr. Soraphol Tulayasathien, Executive Director of Macroeconomic Policy Bureau revealed the economic report in July 2018 that "The Thai economy in July of 2018 expanded from domestic demand as private consumption showed expanding signs from real VAT collection and passenger car sales. In addition, Consumer Confidence Index (CCI) stood at 69.1 points, highest in 42 months. Meanwhile, the external demand expanded as export values continued to expand. For the supply side, the Agricultural Production Index expanded for the 8 th consecutive month. As a result, real income's farmers expanded for the 5 th consecutive month. On the manufacturing sector, the Thai Industries Sentiment Index (TISI) showed the highest expansion in 62 months"
Economic indicators on private consumption expenditures in July 2018 continually improved as shown by real VAT collection and passenger car sales.
Economic indicators on private investment in July 2018 showed expanding sign the investment in equipment and machinery as reflected by commercial car sales. Meanwhile, the investment in construction showed expanding sign from domestic demand sales.
External demand as reflected by export values in July 2018 were 20.4 billion USD expanding for 17 th consecutive month at 8.3 percent per year. Meanwhile, import values were 20.9 billion USD, expanding by 10.5 percent per year. As a result, trade balance in July 2018 showed a deficit of -0.5 billion USD.
Supply-side indicators were supported by Agricultural Product Index (API) which expanded for the 8 th consecutive month.
Internal economic stabilities remained favourable and external economic stability remained robust.
Number 52/2018
30 August 2018
Source: Fiscal Policy Office / www.fpo.go.th