Private Consumption Index (%YoY)
6.0%
Mar 2023
Thai Economy
Economic and Monetary Conditions for March 2023
The Thai economy slowed down compared to the previous month. The value of merchandise exports excluding gold declined from the previous month, which was in line with weaker manufacturing production and private investment. Private consumption remained stable after durable goods had a good expansion in the preceding period. However, activities in the service sector continued to improve, following a good outturn in the number of Thai and foreign tourists. Spending of the central government also expanded from both current and investment expenditures.
Read moreEconomic Outlook
Current forecast on Thai economic outlook as of 29 March 2023 indicates that the economy continued to grow albeit slower than the previous estimation