August private consumption, investment rise
published : 29 Sep 2017 at 17:17
Private consumption and private investment in August rose from the previous month, central bank indices showed on Friday, suggesting the economy is recovering at a faster pace.
The Bank of Thailand's private consumption index for August increased 0.6% from the previous month, when it had risen 0.7%.
The index for private investment edged up 0.1% in August from July, when it had increased 0.9%.
The central bank said there was a current account surplus of $4.66 billion in August from a $2.77-billion surplus in July.
Exports, based on financial settlements, jumped 15.8% in August year-on-year after July's 8% increase, the central bank said. A recovery in exports, traditionally a key growth driver, is a boost to the economy, whose growth still lags its regional peers.
The Bank of Thailand on Wednesday raised its 2017 economic growth forecast to 3.8% from 3.5%, with exports rising 8%. The economy expanded 3.2% last year.