Thai Export Boom Makes Government Look Conservative, But Has Commodity Risks — Panjiva
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Thai Export Boom Makes Government Look Conservative, But Has Commodity Risks

Ags - Grains/Beans 318 Cons. Discr. - Autos 1246 Consumer Staples 804 Industrials - Capital Goods 619 Info Tech - Tech Hardware 861 Tariffs 1865 Thailand 145 Trade Balance 935

Thai export growth reached 14% in August vs. a year earlier, the fastest rate since December 2012 and well ahead of economists’ 5% forecast. It also means the government’s forecast of 7% growth for the year may be conservative – that would require a slowdown to a 4% growth in the rest of the year. In absolute terms a 13% expansion in exports of electronics was the main driver, though commodities including rubber (25%) and rice (48%) grew more quickly. Risks to the growth outlook include that high exposure to commodities – which can prove volatile – and a U.S. trade case investigating Tha...

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