Thailand's import growth forecast at 15.7% yoy

This is due to the expansion still evidenced in the domestic economy, says OCBC.

OCBC Treasury Research noted:

It is interesting to closely monitor the June trade data due this week, as it remains questionable if Thai can continue to buck the regional trend by posting relatively strong export figures.

As it is, we forecast import growth to remain rather robust at 15.7% yoy, bolstered by the expansion still evidenced in the domestic economy.

Some easing in terms of exports growth may be seen for June, with our forecast penciling a 6.8% yoy expansion but still quite decent considering the recent numbers out of the region.

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