POLL-Thai exports seen down 4.0 pct y/y in February


Reuters

* reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/econ-polls?RIC=THCEX%3DECI
 poll data
    * Feb exports seen -4.0 pct y/y vs Jan's +8.8 percent
    * Feb imports seen +12.6 pct y/y vs Jan's +5.17 pct
    * Trade data due on Wednesday, March 22, at 0300 GMTBANGKOK, March 21 (Reuters) - Thailand's customs-cleared
exports likely contracted in February from a year earlier, a
Reuters poll showed, thanks to high comparative figures.
    In the three preceding months, exports increased on an
annual basis.
    Exports, which are pivotal for Thailand's economy, are
forecast to fall 4.0 percent in February on the year after
January's 8.8 percent rise, according to the median forecast
from 10 economists polled.
    In February 2016, annual shipments surprisingly jumped
nearly 10.3 percent, driven by two unusual items - gold and
helicopters. [nL3N16U2P1]
    Thailand's commerce ministry aims for export growth of 5
percent this year after a tiny 0.45 percent rise in 2016, the
first annual expansion in four years.
    In the poll, imports in February were seen up 12.6 percent
from a year earlier, after January's 5.17 percent increase.
    Thailand is expected to have a trade surplus of $2.4 billion
in February. January produced an $826 million surplus.
    For latest Thai economic data, please see <ECONTH>

 (Reporting by Orathai Sriring; Editing by Richard Borsuk)
 ((orathai.sriring@thomsonreuters.com; +662 6489729; Reuters
Messaging: orathai.sriring.thomsonreuters.com@reuters.net))

Keywords: THAILAND ECONOMY/E*TRADE (POLL)



This article appears in: World Markets , Economy , World Markets


More from Reuters

Subscribe






See Reuters News

Follow on: