World

Thai February export growth seen slowing to 9.2pc y/y

Published March 19, 2018 Updated March 19, 2018 11:45am

The poll's median forecast was for exports, a key driver of Thai growth, to grow 9.2 percent in February from a year ago.

In January, exports jumped 17.6 percent from a year earlier, more than expected.

The commerce ministry targets an export growth of 8 percent this year after a 9.9 percent increase in 2017 despite a strong baht, which is hovering above four-year highs.

February imports likely increased 15.35 percent from a year earlier after jumping 24.3 percent in January, the poll showed.

Thailand is expected to have recorded a trade surplus of $800 million in February, according to the poll, following a deficit of $119 million in January.

 

Copyright Reuters, 2018