(RTTNews) - Tuesday, a report by Thailand’s central bank said the Thai economy slowed in August from the previous month. This was mainly due to deceleration in consumption and investment.

The Private consumption index rose 7.2% year-on-year in August, slowing from July. Meanwhile, private investment index climbed 3.8%, also weakening from the prior month.

Manufacturing production index grew 7.9% year-on-year, decelerating from prior month. But, capacity utilization rate remained stable at 70.5%.

In August, Thailand recorded a trade deficit of US$675 million. Exports growth eased to 15.5% year-on-year to US$15.788 billion, while import growth slowed to 26.9% to US$16.463 billion.

Meanwhile, the headline inflation rate dropped to 6.4% in August due to government measures and the downward adjustments of oil prices, the central bank said. Core inflation decelerated to 2.7%. Producer price inflation picked up to 21.6% mainly due to a rise in prices in the agriculture category.

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