BANGKOK, 28 February 2013 The Bank of Thailand (BoT) has reported that Thai exports are starting to rebound while the tourism sector has been doing well since the beginning of this year, with more than 2.3 million tourists having visited Thailand.
Senior Director of the BoT’s Macroeconomic and Monetary Policy Department Methee Supapongse said the overall Thai economy in January 2013 had expanded due to increasing private consumption, investment and exports. The Thai exports, he added, had a tendency to gradually improve in line with the more stable global economy.
According to Mr Methee, all groups of Thai industrial exports have shown good signs, especially steel and metals, automobiles and electrical appliances. Exports of agricultural produce have also expanded, whereas the production of the industrial sector has slightly slowed down.
As for tourism, Mr Methee said it was considered favorable, thanks to the continuously increasing arrivals of Chinese, Japanese and South Korean tourists. Other factors contributing to the healthy economic situation in Thailand include a low jobless rate, declining inflation and balance of payment surplus.
