December 30, 2019 / 7:46 AM / a month ago

Thai November exports fall 7.7% year-on-year, current account surplus widens: central bank

FILE PHOTO: A view of the Port of Bangkok, Thailand, March 25, 2016. Picture taken March 25, 2016. REUTERS/Athit Perawongmetha

BANGKOK (Reuters) - Thailand’s current account surplus was $3.38 billion in November, up from $2.91 billion in October, the central bank said on Monday.

Exports declined 7.7% in November from a year earlier, after falling 5% in October.

Imports slumped 13.9% in November from a year earlier, after falling 9.2% in the previous month.

November saw a trade surplus of $1.97 billion, compared with October’s $2.09 billion surplus.

Private consumption in November dropped 0.4% from the previous month, while private investment contracted 1.6%.

The economy is expected to grow close to 2.5% in the fourth quarter from a year earlier, a central bank official said.

Reporting by Kitiphong Thaichareon; Writing by Orathai Sriring; Editing by Kim Coghill

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