UPDATE 2-Thai Aug data backs confidence in strong recovery

Newswire

(Recasts with quotes, detail) By Vithoon Amorn BANGKOK, Sept 30 (Reuters) - The Thai central bank issued a set of consistently strong August economic data on Monday, reinforcing confidence that the country is recovering powerfully from its 2001 slowdown. The data showed sharp improvements in Thai industrial output, domestic consumption and business investment while exports hit their highest total in dollar terms in almost two years. "The economic recovery is on track," Bank of ...

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