Thailand Retail Sales Edge Higher đ
Retail trade in Thailand increased year-on-year in October 2024, driven by higher sales of non-durable and durable goods, and surged on a monthly basis, rebounding from the previous month's decline.
The article indicates a positive trend in Thailand's retail trade, with year-on-year and monthly increases. This suggests improved consumer spending, which could have a moderate positive impact on the portfolio's exposure to the Thai and broader Asian markets, such as the MSCI World and emerging markets positions.
Thailand Private Investment Declines đ
Private investment in Thailand declined 1.8% in November 2024 due to decreased investment in machinery, equipment, and construction projects.
The decline in private investment in Thailand, particularly in machinery, equipment, and construction, suggests a slowdown in economic activity. This could have a moderate negative impact on the portfolio, as it includes exposure to the Thai and broader Asian markets through the S&P 500, MSCI World, and emerging markets positions. Additionally, the drop in capital goods imports and construction activity may negatively affect the performance of companies like Costco, BNP Paribas, and Societe Generale, which have exposure to these sectors.
Thailand Personal Spending Falls in November âšī¸
Thailand's personal consumption declined 0.4% in November 2024, driven by decreases across most major categories, despite government cash transfer measures, though consumer confidence rose due to improved domestic tourism and government stimulus.
The decline in Thailand's personal consumption, particularly in non-durable goods and durable goods like motorcycles, suggests a moderate negative impact on the portfolio, which has exposure to the Thai and broader emerging markets through the MSCI World and Emerging Markets positions. However, the rise in consumer confidence, supported by improved domestic tourism and government stimulus, could provide a counterbalancing effect, leading to an overall neutral impact on the portfolio.