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Byline: Parista Yuthamanop
Apr. 1--Domestic consumption and exports continued to expand strongly in February even as private investment fell due to war fears, the Bank of Thailand said yesterday.
Farm income rose for the month by 17.3 percent, helping domestic spending, with rubber prices jumping 60 percent and rice also higher due to declines in the global harvest.
Atchana Waiquamdee, senior director at the central bank's Domestic Economy Department, said exports in February totaled U.S. $5.9 billion, up 24.7 percent from the year before, in part due to low base effects in 2002.
Similar gains were expected over the next few months, ...
Source: HighBeam Research, February Exports Surge 24.7 Percent in Thailand.