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Thailand:  GDP surprises.

THAILAND
EM BulletHomepagemarkets-real-timeBulletEmerging Market News

  • With political uncertainty returning in Thailand, today’s GDP numbers are a welcome respite for financial markets.
  • Expectations were for GDP to expand 2.2% for the second quarter, having expanded 1.5% in the first.
  • Today’s release surprised to the update at 2.3% yoy with Q1 revised up to 1.6%.
  • Thailand’s exports rose 4.8% yoy whilst imports rose 0.5% yoy.
  • The numbers reflect a better-than-expected result given the political uncertainty.

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  • With political uncertainty returning in Thailand, today’s GDP numbers are a welcome respite for financial markets.
  • Expectations were for GDP to expand 2.2% for the second quarter, having expanded 1.5% in the first.
  • Today’s release surprised to the update at 2.3% yoy with Q1 revised up to 1.6%.
  • Thailand’s exports rose 4.8% yoy whilst imports rose 0.5% yoy.
  • The numbers reflect a better-than-expected result given the political uncertainty.