UPDATE 1-Thailand's economy powers ahead in May

Newswire

(Recasts with analyst quotes, detail) By Vithoon Amorn BANGKOK, June 28 (Reuters) - The Thai economy powered ahead in May for the third straight month in May, boosted by strong industrial production and surging consumer spending, monthly data from the Bank of Thailand (BOT) showed on Friday. Rising consumer spending was reflected by the year-on-year growth in bank credit posted for the first time in two years. The manufacturing production index (MPI) surged a stronger-than-expected ...

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