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Reuters
Thai Aug exports close to forecast, Chinese market slump
Thailand’s exports rose slightly less than expected in August as global demand for food products increased, but oil-related shipments fell and exports to China slumped, the commerce ministry said on Monday. Exports, a key driver of Thai growth, increased 7.5% in August from a year earlier, versus a forecast 7.7% rise in a Reuters poll, and against July’s 4.3% increase. In January-August, exports rose 11.0% from the same period a year ago, already exceeding the ministry’s full-year target of 4% to 5% growth, Commerce Minister Jurin Laksanawisit told a news conference.
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