Friday, December 6, 2024

Thailand’s economic conditions showed stability and growth in October

เศรษฐกิจไทยในเดือนตุลาคมมีการเติบโตจากรายได้ท่องเที่ยวที่เพิ่มขึ้น, การบริโภคภาคเอกชน, ผลิตภัณฑ์อุตสาหกรรม, และการใช้จ่ายของรัฐบาล แม้บางภาคยังซบเซา.

Economic Improvement in Thailand

In October, Thailand’s economy showed positive signs, boosted by increased tourism revenue, private consumption, trade activities, and government spending, all while maintaining stable inflation rates. Despite the overall improvement, the labor market exhibited weakness in non-tourism sectors, highlighting ongoing challenges.

Growth in Key Sectors

Tourism revenue rose with higher tourist arrivals and spending levels, even though visitors from Malaysia and China decreased. The government’s stimulus program contributed to rising private consumption across major categories, particularly in non-durables, durables, semi-durables, and services. Manufacturing production also saw improvements in chemicals and appliances, though declines were noted in petroleum and electronics.

Mixed Trends and Challenges

Although merchandise exports remained stable, imports increased in all categories. Inflation pressures emerged primarily from rising energy costs. The Thai baht weakened against the U.S. dollar amid uncertainties regarding U.S. economic policies. While corporate financing demonstrated mixed results, the overall stability indicated a potential for continued growth in various sectors.

Source : Thailand’s economic conditions showed stability and growth in October

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