Thai service sector and exports are bouncing back: Central bank

The Bank’s latest report indicates that the service sector continues to rebound, driven by the increasing number of foreign tourists and the rise in the export value of various products, excluding gold, in several categories.

In terms of production, the report notes that the industrial sector has stabilised, although private consumption and private sector investments have slowed down after an earlier acceleration. State spending has contracted, both in central government expenditures and state enterprise investments, and investors are awaiting clarity on the government’s economic stimulus policies.

Regarding price stability, the general inflation rate has decreased across all major categories. Fresh food prices, especially for vegetables, fruits, and meat products, have declined and energy prices have decreased due to government measures to reduce electricity and diesel…