Thailand’s imports surged by 17.2% year-on-year, up from the previous 15.8%, marking a significant increase in the country’s import activity. This 1.4 percentage point rise indicates a robust demand for foreign goods.
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The actual import growth of 17.2% surpassed analyst expectations of 10.6%, suggesting stronger-than-anticipated economic activity. This unexpected increase may boost investor sentiment in sectors like consumer goods and industrials, which benefit from heightened import activity. The market impact is likely to be short-term, driven by positive sentiment, as investors reassess growth prospects in light of the stronger import data.
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