Thailand’s economy expanded at a slower than expected rate in the third quarter, data from the Office Of National Economic And Social Development Board showed Monday.
Gross domestic product, or GDP, rose 0.6 percent year-over-year in the third quarter following the 0.4 percent rise in the second quarter. This was slower than the 1 percent increase expected by economists.
In terms of production, non-agricultural output climbed 0.5 percent in the third quarter and agricultural output increased 1.7 percent.
On the expenditure side, household consumption rose 2.2 percent and government consumption increased 0.4 percent in the third quarter. Gross fixed capital formation grew 2.9 percent.
Meanwhile, Net exports declined 15.4 percent after increasing in the previous quarter.
On a sequential basis, GDP rose at a seasonally adjusted 1.1 percent in the third quarter, the same rate as in the previous quarter.
The material has been provided by InstaForex Company – www.instaforex.com