# New central bank statistics paint a gloomy economic picture for Thailand - Thai Enquirer Market Watch Main

> The Bank of Thailand reported that inbound tourist numbers fell 76.4 percent year-on-year in March and exports dropped 2.2 percent. The central bank said the economy contracted more in March than February, with nearly all indicators down except imports and public spending.

- Date: 2020-04-30 · published 2020-04-30T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/53902-new-central-bank-statistics-paint-a-gloomy-economic-picture-for-thailand-thai
- Commodities: [Chicken](https://feedsoft.ai/c/CHICKEN.md)

## Why it matters

Falling exports and demand from lockdowns signal weaker Thai economic activity, which can reduce demand for feed and animal protein in the region.

## Read by commodity

- CHICKEN: bearish ▼

## Sources

- thaienquirer.com: https://www.thaienquirer.com/12577/new-central-bank-statistics-paint-a-gloomy-economic-picture-for-thailand/

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