Prakash Sakpal, Economist at ING, notes that the Thailand’s manufacturing output contracted on a year-on-year basis in September, but the 2.6% fall was much steeper than the consensus median of only a 0.5% fall. Key Quotes “Coming on the heels of unexpectedly weak exports (-5.2% YoY), the steeper manufacturing fall isn’t a complete surprise.” “A sharp slowdown in manufacturing in 3Q18 to 0.9% YoY from 3.7% in 2Q18, will have undoubtedly pulled GDP growth lower.” “We now estimate 3Q18 GDP growth of 3.7%, slower than our earlier 4.1% estimate and down from 4.6% in 2Q (Bloomberg consensus 4.2%, data due on 19th November). This pushes our full-year growth forecast down to 4.2% from 4.3%. The fourth quarter is typically a strong growth quarter, which will soften the impact on full-year growth.” 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 Asian stocks see a late-day rally, China hits the green as investors return to the fold FX Street 4 years Prakash Sakpal, Economist at ING, notes that the Thailand's manufacturing output contracted on a year-on-year basis in September, but the 2.6% fall was much steeper than the consensus median of only a 0.5% fall. Key Quotes "Coming on the heels of unexpectedly weak exports (-5.2% YoY), the steeper manufacturing fall isn't a complete surprise." "A sharp slowdown in manufacturing in 3Q18 to 0.9% YoY from 3.7% in 2Q18, will have undoubtedly pulled GDP growth lower." "We now estimate 3Q18 GDP growth of 3.7%, slower than our earlier 4.1% estimate and down from 4.6% in 2Q (Bloomberg consensus 4.2%, data due… 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.
