Private investment falls in JulyPrivate investment declined in July as a result of the prolonged pandemic, but the export sector has continued to expand for five consecutive months, said Fiscal Policy Office deputy spokesperson Wuttipong Jittungsakul. However, value-added tax (VAT) revenue and farmers' income still expanded by 22.9% and 6.2% year-on-year, respectively, Mr Wuttipong said. Private investment in machinery also dropped, reflecting the 12.4% year-on-year fall in sales of commercial cars. Sale of cement, which reflects the investment situation in the construction sector, fell 12% year-on-year as the impact of the Covid-19 pandemic slowed down the construction sector. Growing export products included farm produce and foods, which grew 46.4% and 22% year-on-year, respectively.

Source: Bangkok Post August 30, 2021 23:26 UTC