Public spending grows amid slow economic expansion
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Private consumption and investment picked up in September from the previous month, as the Thai economy continued to expand at a greater pace, although still slowly, the Bank of Thailand has reported.
Public spending expanded well and remained an important growth driver.
The value of merchandise exports improved in many categories, which helped compensate for the initial effects on tourism after the government’s restriction of zero-dollar tour operators.
Private investment increased in certain sectors as reflected by greater import of capital goods by export-oriented manufacturing sectors. The central bank’s private investment index increased 0.8 per cent in September from August, during which it increased by 0.5 per cent.
