Q3 GDP up 3.0% y/y, above forecast

Quick Summary:

The Thai economy expanded 3.0% in the third quarter from a year earlier, official data showed on Monday, beating the median forecast of 2.6% growth in a Reuters poll of analysts.

The September quarter figures compared with downwardly revised annual growth of 2.2% and quarterly growth of 0.8% in the June quarter.

On a quarterly basis, Southeast Asia's second-largest economy grew a seasonally adjusted 1.2% in the July-September quarter, data from the National Economic and Social Development Council showed, above the poll forecast of 0.8% growth.

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Article Details

Category: EconomyBusiness

Markets: Thailand

Topics: Quarter Growth Forecast Poll Quarterly Data Thai Third Showed Economy Expanded

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-18 @ 10:01:00 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 103 words

Reading Time: 1 minutes read

Sentences: 4 lines

Sentence Length: 26 words per sentence (average)

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Copyright Owner: © Bangkok Post

News ID: 23648129

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