1/2/2013
Thai November exports up 27%
Thailand's exports in November rose 26.86 percent from a year earlier, roughly in line with forecast due mainly to a very low comparative base but they were flat on the month as global problems continue to hurt demand.
Thai exports slumped in the final months of 2011, when severe flooding devastated industry. Even though factories have restored more capacity, shipments have been weak most of this year due to the global slowdown.
The Bank of Thailand's monetary committee, which in October cut the benchmark interest rate, last month left it steady at 2.75 percent, citing better signs in the global economy.
Most economists expect no change in the rate at the next meeting on Jan. 9 and in coming months. (Reuters)



