Thai March exports fall 4.2% y/y but not as weak as forecast

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Thai March exports fall 4.2% y/y but not as weak as forecast
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BANGKOK : Thailand's customs-based exports contracted for a sixth straight month in March, falling 4.2 per cent from a year earlier, the commerce ministry said on Wednesday, as global demand slows.The decline was less severe, however, than the forecast for a year-on-year drop of 14.0 per cent for March in

BANGKOK : Thailand's customs-based exports contracted for a sixth straight month in March, falling 4.2 per cent from a year earlier, the commerce ministry said on Wednesday, as global demand slows.

The decline was less severe, however, than the forecast for a year-on-year drop of 14.0 per cent for March in a Reuters poll, and followed February's 4.7 per cent decline.In March, imports dropped 7.1 per cent from a year earlier, compared with a forecast fall of 4.7 per cent, resulting in a trade surplus of $2.72 billion for the month.Source: Reuters

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