Private consumption, higher farm income fuel economy in February
The Thai economy expanded in February, driven by private spending and consistently higher real farm income, according to the Fiscal Policy Office.
FPO director-general Krisada Chinavicharana said private spending last month showed signs of improvement, reflected by a 3.4-per-cent year-on-year rise in collection of value-added tax, at constant prices, levied on domestic spending and imports.
Imports of consumer products increased by 1.7 per cent.
