Thai Nov exports fall 7.7%, current account surplus widens

BANGKOK: Thailand's current account surplus was $3.38 billion in November, up from $2.91 billion in October, the central bank said on Monday.

Exports declined 7.7% in November from a year earlier, after falling 5% in October.

Imports slumped 13.9% in November from a year earlier, after falling 9.2% in the previous month.

November saw a trade surplus of $1.97 billion, compared with October's $2.09 billion surplus.

Private consumption in November dropped 0.4% from the previous month, while private investment contracted 1.6%.

The economy is expected to grow close to 2.5% in the fourth quarter from a year earlier, a central bank official said. - Reuters

source https://www.thesundaily.my/business/thai-nov-exports-fall-77-current-account-surplus-widens-FB1838557