"The Thai economy in September and the 3 rd quarter of 2018 expanded from domestic demand particularly private consumption which is reflected by the expansion of passenger car sales and real VAT collection. Meanwhile, external demand reflected by export values expanded continually. For the supply side, Agricultural Production Index and the number of inbound foreign tourists continued to expand. In addition, internal and external stabilities remained robust reflecting the resilient ability to risk from the volatilities in global economy. However, trade dispute between US and China, and the number of inbound tourists from China should be monitored closely."
Mr. Pornchai Thiraveja, Financial Policy Advisor as Spokesperson of the Fiscal Policy Office, Mr. Warotai Kosolpisitkul, Fiscal Policy Advisor, and Mr. Soraphol Tulayasathien, Executive Director of Macroeconomic Policy Bureau revealed the economic report in September and the 3 rd quarter of 2018 that "The Thai economy in September and the 3rd quarter of 2018 expanded from domestic demand particularly private consumption which reflected by the expansion of passenger car sales and real VAT collection. Meanwhile, external demand reflected by export values expanded continually. For the supply side, Agricultural Production Index and the number of inbound foreign tourists continued to expand. In addition, internal and external stabilities remained robust reflecting the resilient ability to risk from the volatilities in global economy. However, trade war between US and China, and the number of inbound tourists from China."
Economic indicators on private consumption expenditures in September and the 3 rd quarter of 2018 continually improved as shown by passenger car sales and real VAT collection.
Economic indicators on private investment in September and the 3rd quarter of 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 cement sales.
External demand as reflected by export values in September 2018 was 20.7 billion USD contracted by -5.2 percent per year. Meanwhile, import values were 20.2 billion USD. As a result, trade balance in September 2018 showed a surplus of 487 million USD.
Supply-side indicators were supported by Agricultural Product Index (API) and the number of inbound foreign tourists which continued to expand.
Internal economic stability remained favourable and external economic stability remained robust.
Source: Fiscal Policy Office / www.fpo.go.th