Thai economy in March and 1st quarter of 2011 continued to show a strong expansion, attributed mainly to strong growth in export, while private
consumption and investment expanded well. Furthermore, agricultural production and service sector continued to expand, while manufacturing production contracted”.
“Thailand economic indicators in March and 1st quarter of 2011 indicated that both
domestic demand and exports continued to grow well and would enable the
Thai economy to grow within the forecasted range of 4.0‐5.0 percent per year
despite the effect from the earthquake and Tsunami in Japan and flood
problems in March 2011.”
while manufacturing production showed a negative sign as the Manufacturing Production Index (MPI) contracted at ‐6.7 percent from last year, mainly from a contraction in jewelry, textile and petroleum sectors. Nevertheless, agricultural production and service sector continued to expand well.
1. Exports in March and 1st quarter of 2011 expanded strongly.
2. Private consumption in March and 1st quarter of 2011 continued
to expand well.
3. Private investment in March and 1st quarter of 2011 also
continued to expand well, particularly in term of machinery investment.
4. Fiscal indicators in March and in the 1st quarter of 2011 showed
that fiscal policy continued to support the Thai economy as indicated by
public sector’s budget deficit.
5. Supply‐side sector indicators for March and the 1st quarter of
2011 showed that Agricultural production and service sector exhibited a
steady improvement, while manufacturing sector contracted.
Meanwhile, service sector as indicated by tourism sector in March 2011 showed a constant expansion.
6. Economic stability remained robust.
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