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Thai January Exports Up 8.8%

Thai January Exports Up 8.8%Thai January Exports Up 8.8%

Thailand’s customs-cleared exports rose for a third straight month in January, by slightly less than expected, a good sign for the trade-dependent economy that has lagged regional peers, Reuters reported. Exports were up 8.8% in January from a year earlier after December’s 6.2% increase, commerce ministry data showed. A Reuters poll predicted a 9.85% increase for January. The commerce ministry has forecast export growth of 2.5-3.5% this year, while the central bank projects shipments will be flat. Imports in January increased 5.17% from a year earlier. Economists had expected a jump of 11.9%, after December’s 10.3% rise.

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