Back to business (I took a few days off).
Bank Of Thailand has published data for exports in october.
Total : 495,33 billions THB, that’s lower than the previous month (503,63) and it’s -4 % compared to october 2008.
As forecasted, the Green Shoots start to… well… vanish (have they ever existed ?). The effects of the massive, ultra massive bail out and stimulus plans worldwide… start to fade away. It’s obvious in the US, in Japan, in Europe… But we are still in a X Files Episode : I Want To Believe. 😉
From a macro economic point of view, the situation is worsening. And in a few months, we will merely see those few months as an illusion… Anyway.
Now the chart per zone.
And the chart with the values compared to Thai Peak Exports (july 2008).