Private consumption expanded at a slower rate on account of fading temporary factors, mainly the conclusion of government stimulus packages, she said. The private consumption index rose by 2.4% year-on-year in July, down from 3.4% in June, central bank data showed. These measures include the promotion of higher living standards at the subdistrict level and the second phase of the economic stimulus package. "I would like to ensure that whatever we do will give a boost to Thai economic growth," he added. Krisada Chinavicharana, director-general of the Fiscal Policy Office, said the Thai economy kept its momentum in July due to higher private consumption from farmer income.

Source: Bangkok Post August 31, 2016 23:26 UTC