Steady gains for economy
Investment, advance sales breed confidence
The economy grew steadily in July, driven by growing confidence and steady exports, the Bank of Thailand said in its latest economic assessment.
The central bank said optimism about future economic trends led to an increase in private investment in export-related sectors for capacity expansion and the construction sector.
A surge in global farm prices due to world demand and a supply shortage, as well as improvement in the Stock Exchange of Thailand's performance resulted in higher consumer purchasing power in July. Advance bookings for automobile sales point to future strong consumer spending.
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About the author
- Writer: Parista Yuthamanop
- Position: Writer
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