Thailand recorded a current account (THCURA=ECI) deficit of $6.4 billion in May, the central bank said on Tuesday.

The economy was steady in May from the previous month but is seen slowing, the Bank of Thailand said in a statement.

  • Exports, a key driver of Thailand's growth, rose 9.8% in May from a year earlier, with imports up 34.5%, the central bank said.

  • Factory output dropped 0.8% in May from a year earlier due to weaker car production, elevated inflation and conflict in the Middle East, the Industry Ministry said earlier in the day.

  • Last week, the central bank left its key interest rate unchanged and raised its 2026 economic growth outlook to 2.3%, with exports seen up 14%.