Thai economy expands 2.9% in Q3
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The Office of National Economic and Social Development Board revealed today that the Thai economy expanded 2.9 per cent in the third quarter compared to the same period last year, thanks mainly to household and government spending.
The growth picked up the pace from 2.8 per cent year on year in the second quarter.
The economy also showed 1 per cent growth from the second quarter.
In the quarter, the public sector investment expanded 15.9 per cent on year. However, private investment contracted further; the construction investment index declined 0.3 per cent after 2.7 per cent increase in the second quarter. The manufacturing production index contracted 6.1 per cent on year.
