The FINANCIAL — Thailand’s economy hadn’t emerged from months of sluggishness in April, as the recovery continued to be slow and fragile, the Bank of Thailand said on May 29, according to Nasdaq.
The country’s private consumption index slipped 0.2% % from a year ago in April, compared with a revised 1.0 on-year increase in March, as non-farm households’ income moderated and farm income remained under pressure from low agricultural prices and low output, the BOT said in a statement.
Private investment index went up 0.9 % year-on-year in April, easing marginally from a revised 1.0% on-year rise in March. The slight slip was blamed on weak domestic and foreign demand that led to a delay in business expansion, the central bank said.
Thailand’s business sentiment index slipped to 45.2 in April from 52.4% in the preceding month, according to the central bank’s report.
Meanwhile, the country registered a trade and current-account surplus of $1.7 billion and $1.1 billion respectively in April, compared with $3.5 billion and $2.2 billion in March.
The central bank also reported that while tourism continued to help support the economy, overseas arrivals dropped 18.3% year-on-year to 2.29 million in April, slowing from a 25.5% on-year increase to 2.53 million in March.
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