Thailand's imported capital goods jumped by 11.6% year-on-year during the three months to June, compared with the first quarter's 3.4% reading, said Krisada Chinavicharana, director-general of the FPO. Most of imported capital good items in the second quarter were machinery and wares to produce for export, he said. According to the FPO data, imported capital goods growth stood at 8.8% year-on-year last month, compared with 15.8% in May, 8.5% in April and 9.7% in March. Imported capital goods fell by 2.7% in 2015 when the economy expanded 2.9%, and by 4.8% in 2014, when economic growth stood at 0.7%. The office also scaled back its private investment growth forecast to 2.6% from 2.7%.

Source: Bangkok Post July 27, 2017 23:26 UTC