1 May = 22.3 Bn USD Ex. Gold = 21.9 Bn USD %YoY Source: Compiled from Customs Department s data P = Preliminary data Jun = 21.8 Bn USD Ex. Gold = 21.3 Bn USD P P Share P P H1 H2 H1 Q1 Q2 May Jun %MoM sa Agriculture 7.6 2.2 2. 2.4 3. -1.6 7.8 -.3 6.7 5.7 Fishery.9 4.1 5.3 3.1-1.4 9.3-9.7-9.4-13.2 -.1 Manufacturing 87.5 1.2 9. 11.4 12.4 14.1 1.7 11.6 8.6 -.5 Agro-manufacturing Products 12.3 12.6 1.4 14.7 7.4 6.5 8.4 7.4 9.1 3.9 Electronics 15. 14. 13.2 14.8 12.4 13.6 11.3 6.4 12.9 5.3 Electrical Appliances 5.6 6.2 6.7 5.6 6.6 9.6 3.6 4.6 4.7 2.1 Automotive 15. 6.3 2.4 1. 15.1 15.8 14.4 19.6 7. -1.1 Machinery & Equipment 8.7 7.2 7.6 6.7 8.7 9.7 7.7 5.6 6.3-2.2 Petroleum Related 11.5 19. 18.4 19.6 26.4 26.2 26.5 29.7 23.9-3.5 Total (BOP basis). 9.8 7.3 12.2 11.1 9.9 12.3 13.1 1. -.1 Ex. Gold - 1.9 9.5 12.2 11.5 11.2 11.9 12.2 1. -.4 Ex. Gold+Petroleum related Export Value - 9.9 8.5 11.2 9.6 9.3 9.9 9.8 8.2.1 Note: Data above are recorded by custom basis, except total export value which is recorded by BOP basis. Custom basis considers recording as goods pass through Customs, while BOP basis considers changes in ownership between residents and non-residents. Ex.gold 13 Index sa, 3mma ( =) Thai Export to Major Destinations Index sa, 3mma ( =) * ex. aircraft, other vehicles and other manufacturing goods Asian Export Performance China Japan* EU US ASEAN5 ME ID ex.oil & Gas MY CN TH ex.gold SG TW KR
2 Index sa ( = ) 35 3 25 2 15 5 No. of tourists ( ) H1 H2 H1 Q1 Q2 May Jun P 35,381 17,324 18,58 19,482 1,9 8,873 2,755 3,25 %YoY 8.8 4.9 12.8 12.5 15.4 9.1 6.4 11.6 %QoQsa, %MoMsa - - - - 5.7 1.4-1.5 7.7 Tourists Classified by Nationality Total China (share 28%) Malaysia (share 9%) Asia ex. CN MY (share 3%) Europe ex. Russia (share 15%) Russia (share 4%) Sources: Ministry of Tourism and Sports, Calculated by Bank of Thailand P = Preliminary data Note: ( ) denotes share in total tourist arrivals in
3 = Nielsen s FMCG Index & Fuel Index = = 115 13 15 95 Nielsen s FMCG Index sa, 3mma Fuel Index, sa Fuel Index sa, 3mma (RHS) 85 Durable and Semi-durable Indices Semi-durable Index sa,3mma Durable Index sa, 3mma Durable Index sa = 13 Service Index* & Net Tourist Spending Index * Comprises of the VAT on hotel and restaurant sector and the sale of transportation sector %YoY Private Consumption Indicators H1 H2 H1 Q1 Q2 P May Jun P %MoM sa Non-durable index.5.1.9.2.5 -.1.2 -.8.3 Semi-durable index.7.6.8 2.5 2.4 2.7 2.4 2.3.8 Durable index 8. 6.8 9. 8.4 6.3 1.4 9.5 1.7 1.2 Service index 7.1 5.6 8.5 7.1 7.2 7. E 6.7 7. E.9 E (less) Net tourist spending 13.5 1.7 16.3 7.9 1.6 4.5 1.5 7.7 5. PCI 2.6 1.8 3.3 3.6 2.9 4.2 4.5 3.4. Sources: The Nielsen Company, Revenue Department, Department of Tourism, Ministry of Energy, NSO, OAE P = Preliminary E = Estimated Service Index sa, 3mma Non-resident spending Index sa, 3mma (RHS) = 1 1
4 P = Preliminary Data (%YoY) Farm Income H1 H2 H1 Q1 Q2 May Jun Nominal farm income P 2.8 15.7-7.8 1.7-2.3 6.2 8. 4.3 Agricultural production P 5.7 1.8 2. 12. 11.3 12.9 13.5 8.2 Agricultural price -2.8 4.4-9.6-9.2-12.3-5.9-4.8-3.6 %YoY 4 3 2 1-1 -2 Contribution to Growth: Farm Income Apr Oct Paddy rice Sugarcane Cassava Rubber Fruit Oil palm Livestock Shrimp Others Total Farm Income Sources: UTCC, NSO, OAE, National ITMX Bulk Payment, calculated by BOT Apr 4.3 Index = 1 Farm Income sa Farm Income sa, 3mma Real Income Transfer of salary through Financial Institutions (Baht/person)* Total Non-Farm Income sa, 3mma Note : * 1) Calculated from retail funds transfer transactions obtained from the National ITMX and BOT s payment systems data as the value of total salary tranfered divided by volume of salary transfer. 2) Apr-Jun figures were estimated by the BOT Diffusion Index, sa (Unchanged = ) Consumer Confidence Index Jun 18 = 82.2 Average 5 years = 76.
5 (%YoY) Manufacturing Production Index (MPI) Share 211 H1 H2 H1 Q1 Q2 May Jun P %MoM sa Food & Beverages 2.2 3.6 2.2 5.1 2.8 2.3 3.4 1.3 4.7 2.5 Automotive 16.9 3.6-3.3 1.8 1.6 11.3 1. 11.4 1.1. - Passenger Cars 3.4 1.8 1.2 2.4 6.4 7.7 5.1 2.2 2.7-3.1 - Commercial Vehicles 6.3 1.1-7.8 1.8 12.3 12.4 12.2 15.1 13.5 2.1 - Engine 6.3 7. -3.5 18.8 14.8 14.3 15.3 18.7 16.1.2 Rubbers & Plastics 1. 7.1.8 13.8-2.5-1.7-3.4-7.9 2.7 4.8 Chemicals 8.2 2.4 -.8 5.7 8.4 8.9 8. 7.8 7.3-2. IC & Semiconductors 7.5 5.5 8.7 2.5 3.3 2.7 3.8 4.3 4.3 1.1 Textiles & Apparels 5.5-5.1-2.9-7.4-6.2-5.7-6.8-9.6-7. 1.3 Cement & Construction 4.7-1.7-1.7-1.7 2.9 1.4 4.5 6.9 7.1 4.7 Electrical Appliances 4.1-6.9-4.6-9.7 -.2.8-1.2-5.8 7.1 4.6 HDD 3.2 14. 14.2 13.9 13.2 1.2 16.3 18.9 11.7 2.5 Petroleum 3.1 5. 3.7 6.1 11.7 2.6 3.9 2.7 2.7 1.7 Others 16.5 -.1.4 -.5 -.7 -.9 -.6.3 -.7.5 MPI. 2.5.5 4.7 3.8 4.1 3.5 2.9 4.7 - MPI sa % from last period. -.8 3.4.5.2.6 1.7 1.5 - Capacity Utilization (SA) - 67.1 66.1 68.1 68.7 68.2 69.1 69.5. - Note: the new MPI series as adjusted by the OIE (coverage and base year at 211) P = Preliminary data Sources: NSO, OIE, Customs Department and seasonally adjusted by BOT Index sa ( = ) 115 85 Index sa ( = ) 115 85 Note: Calculated and Classified by the BOT Industrial Electricity Consumption* Quantity of Imported Raw Materials Index of Work Hours in Manufacturing (3mma) MPI Classified by Export Share Export<3% 3%<Export<% Export>% Other Indicators of Manufacturing Production * The latest month was estimated by the BOT
-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17-17 Aug-17 Sep-17 Oct-17 Nov-17 Dec-17-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18 6 Index sa ( = ) Bn baht 2 15 5-5 Investment in Machinery and Equipment Real Imports of Capital Goods Domestic Machinery Sales Car Registered for Investment Sources of Corporate Financing Business Credits (SA) Debt Equity 3MMA Note: Business credits and debt refer to change in outstanding (par); equity refers to new issuance at par value. Index sa ( =) 1, m 2 9mma 7, 6,5 6, 5,5 5, 4,5 4, Sources: Bank of Thailand, ThaiBMA, SET, Business Sentiment Survey by BOT, NSO, OIE, calculated by BOT P = Preliminary data E = Estimated data % YoY Investment in Construction Construction Materials Index Permitted Construction Area (RHS) H1 H2 H1 Q1 Q2 P May Jun P %MoM sa Permitted Construction Area (9mma) -.8-1.9.3.8 1.3.3 E 1.6-2. E -3.2 E Construction Materials Index -.9-1.8. -.7-1.8.5 3.6 -.8 -.6 Real Imports of Capital Goods 3.2 2. 4.3 4.7 2.8 6.6 1.5 8.8 -.1 Real Domestic Machinery Sales 1..9 1.2 5.3 3.1 7.6 E 4.8 5.5 E 3. E Newly Registered Motor Vehicles for Investment Private Investment Indicators 5.7 2.8 9. 4.9 3. 6.8 4.4 5.3-2.6 PII 1.6.8 2.3 3.3 2. 4.6 2.6 4..4 Capacity Utilization (SA) 67.1 66.1 68.1 68.7 68.2 69.1 69.5. -
Sources: Comptroller General s Department, Fiscal Policy Office 7 Central Government Current Expenditure Billion baht (Ex. Subsidies/Grants and Other) 1 1 avg. FY-17 FY FY Oct Dec Feb Apr Jun Aug Central Government Capital Expenditure Billion baht (Ex. Subsidies/Grants and Other) 5 4 3 2 1 Jun.3% Jun 7.1% avg. FY-17 FY FY Oct Dec Feb Apr Jun Aug Fiscal Position (Cash basis) Billion Baht FYFY FYP FY P Q3 Q4 Q1 Q2 Q3 May Jun Revenue 2,412 2,354 697 617 545 537 7 23 347 (%YoY) (9.3) (-2.4) (-6.9) (2.3) (-.8) (9.5) (9.) (-6.4) (8.5) Expenditure 1/ 2,736 2,795 641 593 945 599 731 185 299 (%YoY) (9.) (2.2) (-1.3) (7.5) (2.2) (-5.8) (14.) (-7.2) (33.1) Budgetary B/L -324-441 56 24-4 -62 3 18 47 Non-Budgetary B/L -58 35 19 43-31 21 51-1 38 Cash B/L (CG) -382-46 76 68-431 -41 81 16 85 Net Financing 397 489 68 171 88 123 83 23 25 Treasury B/L 441 524 285 524 181 263 427 317 427 Note: P = Preliminary data 1/ Includes cash payments for operating and purchase of non-financial assets, except loan repayments
8 May = 19.6 Bn USD Ex. Gold = 18.9 Bn USD %YoY Source: Compiled from Customs Department s data Jun = 18.9 Bn USD Ex. Gold = 18.3 Bn USD P P Share P P H1 H2 H1 Q1 Q2 May Jun %MoM sa Consumer 1.3 7.5 4.7 1.2 16.4 2.3 12.7 9.2 7.5 -.1 Raw material&intermediate 53.3 15.7 16.9 14.5 2.4 19.5 21.2 14.6 2.4 1.1 o/w Fuel 13.1 26.1 27.6 24.7 4.6 29.6 51.6 26.2 62.5 1.9 o/w Raw mat&interm ex. Fuel Import Value 4.2 12.6 14. 11.4 14. 16.2 12. 1.8 9.2.8 Capital 25.4 8.5 1. 7.1 5.4 6.7 4.2 5.7 4.7.5 Others 11.1 27.9 22. 32.9 15.1 25.9 4.3 13.3-16.9-8.9 Total (BOP basis). 13.2 13.4 12.9 17.3 17.9 16.8 12.7 12.9.1 Ex. Gold - 1.7 11. 1.5 17.8 17.7 17.9 12.5 16.1 1.1 Ex. Gold&Fuel - 8.3 8.5 8.2 13.8 15.5 12.2 1. 9.1.9 Note: Data above are recorded by custom basis, except total import value which is recorded by BOP basis. Custom basis considers recording as goods pass through Customs, while BOP basis considers changes in ownership between residents and non-residents. P = Preliminary data Import Value Index Index sa, 3mma ( =) Total imports Raw materials ex. fuel* Capital goods Consumer goods Fuel 4 * Regrouping to include vehicle parts, which appear in others in the accompanying table. Index sa, 3mma ( =) Value Quantity Price
9 Labor Market Indicators Unemployment rate 1.2 1.1 1. 1.1 1.2 1.2 1.2 1.2 (sa) (1.2) (1.) (.9) (1.1) Employed persons (%YoY) -.6 -.1-1.1.4 -.2.9 2.3.1 Underemployment rate.8.9.7.8.9.7.7.6 Source: Labor Force Survey (NSO), calculated by BOT %YoY 3 2 1-1 % H1 H2 H1 Q1 Q2 May Jun Headline inflation contribution Raw food (15.69%) Energy (11.75%) Core (72.56%) -2 Sources: NSO and Ministry of Commerce calculated by BOT Jun 1.38% Thousand persons sa, 3mma 28, 27, 26, 25, 24, 23, %YoY 3 2 1 Employment Non-Agriculture (sa, 3mma) Non-Agriculture (sa) Agriculture (sa, 3mma) (RHS) Agriculture (sa) (RHS) Thousand persons sa, 3mma 15, Core inflation contribution Rent (19.62%) Food & Beverage (28.17%) Non-Food & Beverage ex. Rent (52.21%) 14, 13, 12, 11, 1, Jun.83%
Source: Bank of Thailand P = Preliminary data E = Estimated data 1 Balance of Payments P P Billion USD P H1 H2 H1 Q1 Q2 May Jun E Trade Balance 34.2 16.6 17.6 12.4 6.6 5.8 2.7 2.9 Exports (f.o.b.) 235.3 112.3 122.9 124.8 61.8 63. 22.3 21.8 %YoY 9.8 7.3 12.2 11.1 9.9 12.3 13.1 1. Imports (f.o.b.) 21.1 95.8 15.3 112.4 55.2 57.2 19.6 18.9 %YoY 13.2 13.4 12.9 17.3 17.9 16.8 12.7 12.9 Net Services, Income & Transfers 16.9 7.7 9.2 8.9 8.3.6-1.7 1.2 Current Account 51.1 24.2 26.8 21.4 15. 6.4 1. 4.1 Capital and Financial Account -19.2-12.8-6.5-1.5-3.4-7.1.1-7. Overall Balance 26. 1.2 15.8 7.6 12. -4.3.1-5.3
Source: Bank of Thailand P = Preliminary data E = Estimated data 11 Net Financial Flows Millions of USD P P P H1 H2 H1 Q1 Q2 May Jun E 1. Assets -36,39-2,273-15,766-8,454-5,3-3,45 4-4,9 TDI -2,292-9,16-11,276-7,88-4,753-2,335-85 -9 - Equity -9,582-2,788-6,794-2,366-1,821-545 -424-51 Thai Portfolio investment -11,968-6,493-5,475 2-1,363 1,364 9 788 - Equity security investment -7,784-3,656-4,128-3,4-2,925-679 351-822 - Debt security investment -4,184-2,837-1,347 3,6 1,563 2,43 259 1,61 Loans -1,7-567 -44-1,186-28 -1,158-35 -637 Other Investments -2,771-4,196 1,425-181 1, -1,321 765-4,122 - Trade credits -5,93-798 -4,295-2,357-1,51-856 -643-521 2. Liabilities 16,933 7,516 9,417-1,399 2,23-3,628-425 -2,35 FDI 7,944 3,999 3,945 7,495 4,1 2,894 1,391 845 - Equity 4,827 1,891 2,935 3,128 1,449 1,679 58 612 Foreign Portfolio investment 9,41 3,8 5,593-6,53-884 -5,169-1,853-1,949 - Equity security investment 598 63-32 -4,628-696 -3,932-1,671-1,621 - Debt security investment 8,2 3,178 5,624-1,426-188 -1,237-182 -327 Loans 5,16 1,446 3,659-1,624-1,7 83-113 -47 Other Investments -5,518-1,738-3,7-1,217 219-1,436 149-525 - Trade credits -1,75-71 -1,679-33 92-422 85-76 Total Financial Flows (1+2) -19,16-12,757-6,349-9,853-2,774-7,79 65-6,995
Sources: Bank of Thailand, Reuters and Bloomberg 3-Dec-15 22--16 12-Feb-16 7-Mar-16 28-Mar-16 22-Apr-16 18-May-16 9-Jun-16 3-Jun-16 26--16 17-Aug-16 7-Sep-16 28-Sep-16 19-Oct-16 1-Nov-16 1-Dec-16 26-Dec-16 18--17 8-Feb-17 2-Mar-17 23-Mar-17 18-Apr-17 11-May-17 1-Jun-17 22-Jun-17 14--17 7-Aug-17 29-Aug-17 19-Sep-17 1-Oct-17 3-Nov-17 24-Nov-17 19-Dec-17 11--18 1-Feb-18 22-Feb-18 16-Mar-18 9-Apr-18 3-May-18 24-May-18 15-Jun-18 6--18 25 26 27 28 29 21 211 212 213 Q1 Q2 Apr-18 May-18 Jun-18 12 5% 4% 3% 2% -1% % 1% -2% -3% -4% Index ( = ) Exchange Rate Movement end of Jun compared to end of May 2 compared to end of Jun (Positive values denote currency appreciation compared to USD) THB CNY KRW IDR SGD JPY PHP TWD MYR INR GBP EUR THB Appreciation NEER REER USDTHB (Average data until 2 ).9 Jun 15.4 99.1 % p.a. 1% 8% 6% 4% 2% % Times 6 5 4 3 2 1 Exchange Rate Volatility (vis-à-vis USD) Reserves/Short-term Debt Latest data 2 Jun E 3.4