Pattaya Daily News

30 June 2007 :: 12:06:03 pm 22986

Investors Confident For Thailand’s May Index Rose Above 50

BANGKOK, June 30 (TNA) - Thailand‘s investor confidence index in May improved to 50.7, the first time in the four months that it had jumped above the 50 level, a senior Bank of Thailand (BoT) official said.
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Amara Sriphayak, senior director of BoT’s Domestic Economic Department, said the increase in investor confidence index in May was in line with rises in the private investment index and private consumption which each gained one per cent for two consecutive months.

Imports in May rose 6.2 per cent to about US$12.18 billion of which imports on raw materials alone soared 13.3 per cent, in line with sharp increases of local consumption and investment. Although imports of capital goods expanded only 6.3 per cent, exports soared 19.9 per cent on earnings of US$12.84 billion, enabling the country to enjoy trade surplus in May of US$656 million.

Trade balance in the past five months enjoyed a surplus of about US$5 billion, she said.

Because of the impressive economic performances in April and May, there are chances for BoT to revise up economic growth for 2007, earlier projected by the central bank at around 3.8-4.8 per cent, said Mrs. Amara.

The revision in growth is expected to be announced by BoT on July 27.

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Reporter : PDN staff   Photo : Internet   Category : Business News

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