Economic Conditions

Press Release on Economic and Monetary Conditions

Dr.Pornpen Sodsrichai, Director, Monetary Policy Group, Overall economic activities In November 2018, the Thai economy continued to grow. Private consumption expanded, boosting manufacturing production. Private investment also continued to expand. The number of foreign tourists rebounded from the previous month, albeit the contraction in the number of Chinese tourists. Merchandise export growth remained relatively unchanged, while government spending slightly declined from the decrease in capital expenditure.

Business Outlook Report

To enhance the economic forecasting efficiency and assist the MPC in making appropriate monetary policy decisions by providing some insights and useful information which cannot be captured by the econometric model, which is inevitably subjects to the theoretical constraints and structural model of quantitative analysis. Therefore, the Bank of Thailand has set up the Economic/Business Information Exchange Program as one channel for exchanging information and building better understanding about Thailand's economic conditions, both at macro and micro level, with private sector.

Credit Conditions Report

The Bank of Thailand conducts a quarterly credit condition survey to review opinions of senior loan officers from financial institutions, credit card and personal loan companies under supervision (Non-banks). It helps the Bank to be more efficiently and effectively in understanding and analysing developments of credit conditions. The Bank has been exploring how the surveys are conducted in the light of other central banks' experience.