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Thailand's September trade balance swung to a $487m surplus after two months of deficits, but came in well below the $1.8bn consensus. Exports contracted 5.2% year on year, reversing August's 6.7% growth, while import growth slowed to 9.9%.
The Commerce Ministry blamed high base effects, US-China trade tensions and emerging-market problems.
Weak Thai export momentum signals softer regional demand and slower trade growth, which can keep the baht under pressure. The direct effect on feed commodity prices is limited.
think.ing.comOct 22, 2018Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
