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Thailand's growth level stable in May despite higher petrol prices.

Bangkok Post (Bangkok, Thailand)

| July 01, 2004 | COPYRIGHT 2004 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Parista Yuthamanop

Jul. 1--Economic growth remained stable in May despite rising oil prices and unrest in the southern provinces, according to the latest data released by the Bank of Thailand.

Nitaya Pibulratanagit, senior director of the Domestic Economy Department, said manufacturing activity continued to grow steadily, particularly in the auto, electronics and petrochemical sectors.

She said May economic growth had been on par with previous months, even as oil prices had risen steadily.

Oil imports, which accounts for 10 percent to 12 percent of total imports, rose 81.2 percent in value terms in May from the previous month. ...

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Source: HighBeam Research, Thailand's growth level stable in May despite higher petrol prices.