Dr. Don Nakornthab, Senior Director, Monetary Policy Group, Overall economic activities In August 2018, the Thai economy continued to gain further traction from both domestic and external demand. Private consumption expanded in most categories, while merchandise exports expanded albeit at a slower pace. The continued expansion in both external and domestic demand contributed to the growth of manufacturing production. Private investment and public spending expanded continually. Meanwhile, the tourism sector moderately expanded, despite the decline in the number of Chinese tourists.