Thailand manufacturing forecast to post sluggish growth

The weak external demand at the same time continues to be a drag to Thai export growth.

OCBC Treasury Research noted:

The September trade data due this week is going to be an interesting set of data to take a closer look at, following the surprise rate cut by the BOT last week.

We look for some marginal improvement in Thai trade data for September, in line with some positive cues from the region (with Korea, Taiwan and China export growth figures posting some decent rebound in September), but still expect export growth at -2.3% yoy while import growth is likely to come in at -4.0% yoy.

The weak external demand continues to be a drag to Thai export growth, especially given that manufacturing sector is likely to still see sluggish growth in the month. The export growth figures will spike from October onwards, but most of this would be driven by the low base effects stemming from last year’s floods – so from a policy perspective, it wouldn’t be much of a positive push going into 2013.

While our assessment on the Thai economy remains fairly sanguine at this stage, the BOT rate cut done last week could have been spurred to prevent a negative feedback cycle from gaining momentum in the economy, especially since most domestic manufacturers have just been back to producing on full gear in Q3.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia