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.