Thailand’s economic growth improved unexpectedly in the third quarter, the National Economic and Social Development Board said Monday.
Gross domestic product advanced 2.9 percent from a year ago, slightly faster than the 2.8 percent expansion seen in the second quarter. The annual growth was forecast to slow to 2.6 percent.
Quarter-on-quarter, GDP growth accelerated to 1 percent from 0.3 percent in the previous quarter.
On the expenditure side, private spending gained 1.7 percent and government spending by 1 percent. Meanwhile, investment decreased 1.2 percent.
Exports climbed 1.8 percent, while imports slid 2.4 percent from last year.
The material has been provided by InstaForex Company – www.instaforex.com