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ECONOMY

Positive signs show in second quarter: BOT



Despite the 25.9 per cent decrease in exports during April and May, Thailand's seasonally-adjusted Manufacturing Production Index (MPI) in the month expanded 9.1 per cent from the first quarter, according to the Bank of Thailand.

 The manufacturing sector contributes 40 per cent of gross domestic product.

 MPI in export-oriented sectors- particularly electronics - grew 20.7 per cent in April-May from the first quarter, which help improved the Kingdom's net exports.

 The central bank also revealed on Tuesday that the Private Consumption Index in April-May slightly increased 0.4 per cent from the first quarter, which contracted 4.7 per cent from the forth quarter of last year. It dropped five per cent on year, compared with 5.3 per cent contraction in the first quarter.

 The Private Investment Index in May contracted one per cent from previous month, compared with the 0.6 per cent monthly fall in April. In May, the index dropped 16.5 per cent on year, compared with 16.4 per cent annualised decrease in April.

 Business Sentiment Index (BSI) for the next three months was 50.2 in May, above the 50 level for the first time in 15 months, according to the BOT.



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