# Press Release on the Economic and Monetary Conditions for July of 2023

> The Bank of Thailand reported that the Thai economy continued to recover in July 2023, with private consumption and investment rising and foreign tourist arrivals increasing. Merchandise exports declined, mainly in electronics and agricultural products, while headline inflation edged up on higher energy prices.

- Date: 2023-08-31 · published 2023-08-31T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/34841-press-release-on-the-economic-and-monetary-conditions-for-july-of-2023
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

Weaker Thai export demand for agricultural products and a shrinking trade surplus weigh modestly on the baht and regional feed-related trade flows, with limited direct effect on feed commodity prices.

## Read by commodity

- USDTHB: neutral

## Sources

- bot.or.th: https://www.bot.or.th/en/news-and-media/news/news-20230831-2.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.