FPO: Economic indicators improving

Several economic indicators for October were up on the back of rising domestic spending, consumption and private investment, Somchai Sajjapong, director general of the Fiscal Policy Office, said on Thursday.

There were also good signs in the export sector, boosted by positive factors from a new high potential export markets, particularly Hong Kong, Australia and the Middle East, Mr Somchai said.
Moreover, the economies of Thailand’s trade partners, including the US and Japan, have been recovering, helping spur Thai exports, he added.
In addition, the manufacturing production index (MPI) for October was up for five straight months,. Expansion was substantial in the automobile and electronic components sectors, Mr Somchai said.
"According to such indicators, the Finance Ministry has confidence that the economy in the fourth quarter of the year will grow relatively well," he said.

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