Sign up | Log in



Home  >>   Daily News  >>   Thailand News  >>   Economy  >>   Manufacturing drives Thai growth
NEWS UPDATES Asean Affairs                   1 October  2011   

Manufacturing drives Thai growth

Related Stories

August 22, 2011
 Indonesia closes tin tax loopholes

August 2, 2011
Indonesia could lower palm oil tax

July 1, 2011
First Malaysian palm oil refinery in Indonesia

June 27, 2011
Indo government puts controls on sugar

March 31, 2011
New Indo palm oil factory starts

March 19, 2011
New Indo Nickel Smelter and Power Plant

March 14, 2011
Indonesia buys Indian corn


The economy has fully recovered from the supply disruption related to Japan's earthquake, but has begun to show impacts from declining consumer demand in the United States and Europe, says the Bank of Thailand.

Mathee Supapongse, the senior director for the central bank's Domestic Economy Department, said industrial and farm manufacturing had recovered from a soft patch in July, led by automobiles and hard disk drives on improving demand from China. Overall production rose 7 percent year-on-year in August, compared to a 1 percent year-on-year contraction in July.

But manufacturing of cheap textiles and garments suffered a steady decrease in orders reflecting weakening demand from the US and Europe. The production of hard disk drives, Thailand's largest technological product export, could be affected by consumer changes in favor of tablet PCs, he said.

Mr. Mathee said the domestic economy was bolstered by healthy demand from consumers and businesses. Exports also held up, reflecting steady external demand in August.

The economy grew 2.9 percent in the first half of the year from the same period last year, 3.2 percent year-on-year in the first quarter and 2.6 percent in the second. The Fiscal Policy Office last week cut its growth forecast by half a percentage point to 4 percent this year, with 2012 growth forecast at 4.5 percent.

Mr. Mathee said the central bank had not found exporters to be concerned about future orders, meaning they are not worried about a protracted downturn in the US and Europe.
In any case, the market widely expects the central bank to cut its growth forecast for this year from 4 percent, as well as 2012's forecast from 4.1%.
The central bank has found that businesses' inflation expectations over the next year have eased to 3.8 percent in August from 4 percent in July, but pressure on consumer prices remains high, he said.

Exports totaled US$20 billion in August, up 28 percent year-on-year, versus $20.2 billion of import, 46 percent year-on-year growth. Imports boomed due to petroleum and gold orders.

Farm income rebounded to 13 percent year-on-year growth in August from a 3% year-on-year contraction in July. The severe floods in many provinces will affect consumer prices temporarily.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
  Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below




1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Today's  Stories    1 October  2011 Subsribe Now !
  Indonesian building surge calls for cement Subcribe: Asean Affairs Global Magazine
 Unilever expansion a good sign for Indonesia Asean Affairs Premium
 Malaysian firm wins floating vessel deal
Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

Myanmar suspends dam
Older workers gain in Singapore
Thai corporate cuts may cut tax base
Manufacturing drives Thai growth
pp pp

Asean Analysis               30  September  2011

Advertise Your Brand
• Chinese trains for Asean? Sponsor Our Events

Asean Stock Watch   30  September  2011

• Asean Stock Watch-September 30 p

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent

• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore
• Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline
• Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More


Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand