Few things to note:
- Agriculture – No surprise here given how soft commodity prices are continually lower than they were 12 months.
- Electronics/Electrical Equipment – I doubt Thailand will see any double digit growth in this sector for the foreseeable future, since the floods in ’11 several electronics firms simply took their insurance checks and shut down business.
- Construction materials – A big surprise, no idea where they could be going, Laos, Vietnam, Myanmar, Indonesia, Philippines ?
- All in all, not a great start for the year, GDP growth is more than likely going to be continually revised downwards by all the government agencies and analysts.