Thai Current Account Surplus Increases In October

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Monday, the Bank Of Thailand in a report announced that the current account surplus stood at US$ 2.17 billion in October, up from a US$ 1.26 billion surplus in September. Economists expected a surplus of US$ 1.52 billion.

During the month, the trade balance showed a surplus of US$1.68 billion, but lower than a surplus of US$2.05 billion in September. Exports dropped 2.55% to US$ 14.6 billion, while imports slipped 19.01% to US$ 12.9 billion. Further, the net services, income and current transfers account showed a surplus of US$ 490 million, reversing from a deficit of US$ 789 million in the previous month.

Meanwhile, the capital and financial account showed a surplus of US$ 684 million, down from US$ 1.08 billion in the previous month.

Separately, the central bank said the current account showed a surplus of US$ 3.71 billion in the third quarter, up from a surplus of US$ 2.77 billion in the second quarter.

(Market News Provided by RTTNews)