Central bank upbeat on prospects despite export dip

Containers are sorted at Klong Toey Port in Bangkok. Exports in July grew 3.8% year-on-year, compared with 10.7% in June. Varuth Hirunyatheb

Exports dropped in July, mainly attributed to lower demand from trading partners in line with a riskier global economy, though Thailand's economy continues to see signs of recovery, says a Bank of Thailand executive.

According to the central bank's report on domestic economic conditions in July, the value of merchandise exports, excluding gold and after seasonal adjustment, was down 2.7% from the previous month.