Bangkok, Oct. 2 -- Thailand's economy remained sluggish in August as private consumption slowed, farm incomes declined, and exports softened due to the impact of US tariffs, according to the Fiscal Policy Office (FPO).
Pornchai Thiraveja, FPO Director-General, said on September 29 that private consumption in August decelerated compared with the same period last year, particularly in durable goods.
The number of newly registered motorcycles and passenger cars decreased by 1.8% and 0.3% year-on-year, respectively, and also fell from the previous month after seasonal adjustments, by 3% and 4.8%.
According to Pornchai, real farm income in August declined by 10.8% year-on-year, while the consumer confidence index dropped to 50.1 from 51.7 in ...