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Thai Growth Holds Steady in June.
Byline: Parista Yuthamanop
Aug. 1--Economic growth remained steady in June, driven by continual growth in exports and domestic consumption, according to Atchana Waiquamdee, senior director for the domestic economy department of the Bank of Thailand.
Agricultural prices rose 17.1 percent in June from last year, helping boost farm incomes 22.1 percent. Tourism showed signs of recovery from the Sars outbreak, with arrivals in June down 23.8 percent from last year compared with May's 50.4 percent fall.
Exports in June stood at $6.46 billion, up 15 percent from last year but down slightly from the $6.5 billion recorded in May.
Gains were helped by price rises in key agricultural exports, including rubber, rice, sugar, tapioca and palm oil.
Fishery exports fell by 4.3 percent in June from last year, although overall exports for the first half remained up by 9.1 percent from the same period in 2002.
Labour-intensive products such as textiles, leather, sportswear and shoes posted a decline in exports.
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