for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up
Company News

Thai Aug exports drop 8.2% y/y, current account surplus widens -c.bank

BANGKOK, Sept 30 (Reuters) - Thailand recorded a current account surplus of $3.0 billion in August after a surplus of $1.79 billion in the previous month, the central bank said on Wednesday.

Exports, a key driver of growth, declined 8.2% in August from a year earlier after July’s 11.9% drop.

Southeast Asia’s second-largest economy in August performed better than July by recording smaller falls in exports and industrial manufacturing, the central bank said in a statement.

It has forecast the economy will contract a record 7.8% this year due to the coronavirus pandemic impact. (Reporting by Kitiphong Thaichareon; Writing by Orathai Sriring; Editing by)

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up