Siam Commercial’s EIC ups export growth forecast to 7.5%

Economy April 23, 2018 16:00

By The Nation

Siam Commercial Bank’s Economic Intelligence Centre (EIC) on Monday forecast that Thai exports will grow 7.5 per cent this year, after the Commerce Ministry announced a 7.1-per-cent increase in shipments for March compared to the same month last year.

The EIC said it had decided to revise its previous export-growth estimate of 5 per cent due to strong overseas demand.

The centre also revised upward its forecast of the country’s import-value growth for this year, from 9 per cent to 12.2 per cent.