Permanent Secretary sees Thai export recovery in second quarter

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BANGKOK, 21 May 2014 The Ministry of Commerce (MOC) is planning to revise its second-half export figures and is convinced that second quarter exports will recover.

The MOC’s permanent secretary Srirat Rastapana stated that the revision of overall export figures in the second half of this year is underway, while commercial counselors in 64 countries are called in to assess directions and export figures.

Several relevant agencies have revised their estimates downwards, especially the Office of National Economics and the Social Development Board (NESDB) which have recently decreased their exports estimate to 3.7 percent. However, the MOC is waiting for the private sector’s opinion to assess the situation together.

Nevertheless, she believes that exports in the second quarter will rebound from the contraction in the first quarter.