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Wednesday, May 15, 2024

Exports down 6.2%, bigger slump than forecast

Bangkok Port in Bangkok’s Khlong Toei district. (Photo: Nutthawat Wichieanbut)

Thai exports shrank for a 10th consecutive month in July, and at a far bigger rate than expected, as global demand remains sluggish, the Commerce Ministry said on Friday.

Customs-based exports, a key driver of Thailand’s economy, contracted 6.2% in July from the same month a year earlier, compared with analysts’ average estimated dip of 0.75% in a Reuters poll.

Thailand posted a trade…

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