November economic report of Bank of Thailand is the domestic demand showing indications of a revival, even as tourism and rural sectors see slowdown.
Domestic demand improvement comes along with manufacturing activity improvement, Rural demand has weakened ahead, as poor weather conditions wiegh on farm production, with harvesting cycle pushed back by a month.
Government spending has been a solid pillar of support in recent months, and this is likely to continue in 2016.
"Looking at the details, Thailand's economic recovery remains slow but consistent. Private consumption improved in November, rising 0.7% m/m sa (Oct: -0.1% m/m), as local spending spending with falling oil prices and robust demand for durables", says Barclays in a research note.
