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November 06, 2023
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Thailand CPI Inflation -0.31% y-o-y (consensus 0.0%) in Oct-23

- Thailand's CPI inflation in October 2023 registered a decline of 0.31% year-on-year, indicating a surprise decrease in the overall price level relative to expectations for zero growth.
- This negative inflation rate is the lowest since February 2021 and falls 2.62 percentage points below the one-year average, raising concerns about the economic implications of prolonged low inflation.

October 31, 2023
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Thailand Manufacturing Growth -6.06% y-o-y (consensus -5%) in Sep-23

- Thailand's manufacturing sector experienced a decline in growth of 6.06% YoY in September 2023, disappointing expectations for -5% YoY.
- Compared to the one-year average, manufacturing growth was 0.70 percentage points below, and it significantly lagged behind the long-run average by 7.23 percentage points.

October 09, 2023
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Thailand Consumer Confidence Index 58.7 in Sep-23

- Thailand's Consumer Confidence Index in September 2023 improved to 58.7, indicating a higher level of optimism among consumers compared to the previous reading of 56.9.
- The consumer confidence index is 5.33 points above both the one-year average, indicating a significant positive trend in consumer sentiment.

October 05, 2023
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Thailand CPI Inflation 0.3% y-o-y in Sep-23

- Thailand's CPI inflation for September 2023 registered a modest growth of 0.3% year-on-year, the lowest since June 2023 and undershooting the 0.8% consensus.
- The overall inflation rate is 2.54 percentage points below the one-year average, signalling subdued inflationary pressures in the economy.

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