According to Prakash Sakpal, Economist at ING, Thailand’s disappointing manufacturing data for August foreshadows a further slowdown in the country’s GDP growth in the current quarter. Key Quotes “The manufacturing index rose by only 0.7% year-on-year in August, undershooting the consensus estimate of 3.1% growth. This is the slowest rate of growth since April 2017.” “Meanwhile, July growth was revised up to 4.9% from the initial estimate of 4.6%. Manufacturing capacity utilisation also dipped to 65.9% in August from 66.9% in July (revised from 67.2% initial estimate), the lowest since last November.” “Assuming a monthly manufacturing change in September at the average rate over the last three years, the 3Q18 growth will see a slowdown to 2.8% from 3.7% in 2Q. Where manufacturing goes GDP follows. We estimate that the 3Q GDP slowdown to 4.1% from 4.6% in 2Q remains on track.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next GBP/USD on the offers near 1.3100 amid Brexit uncertainty FX Street 5 years According to Prakash Sakpal, Economist at ING, Thailand's disappointing manufacturing data for August foreshadows a further slowdown in the country's GDP growth in the current quarter. Key Quotes "The manufacturing index rose by only 0.7% year-on-year in August, undershooting the consensus estimate of 3.1% growth. This is the slowest rate of growth since April 2017." "Meanwhile, July growth was revised up to 4.9% from the initial estimate of 4.6%. Manufacturing capacity utilisation also dipped to 65.9% in August from 66.9% in July (revised from 67.2% initial estimate), the lowest since last November." "Assuming a monthly manufacturing change in September at… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
