41. But the downward revision was offset by higher net exports and business investment in durable goods. 42. But the downward revision was offset by higher net exports and business investment. 43. Demand for crude palm oil is likely to remain favourable, evident from the expectation of higher export figures estimated for December by private forecaster, Caleb Brett. 44. He said foreign complaints of higher export prices caused by the bidding process were unfounded. 45. Higher export volumes are expected as exporters are able to take higher profits from the baht devaluation. 46. Higher exports will help farmers expand to full capacity, which may reduce production costs. 47. However, these countries have higher export advantage compared to Thailand due to low production costs. 48. In an interim report, the Ministry of Trade, Industry and Energy attributed the turnaround to higher exports in semiconductors, petrochemicals and steel products. 49. Increased business spending on aircraft and heavy duty trucks and higher net exports due to smaller imports were big contributors to the change. 50. Instead, it said, imports of capital equipment such as factory machines will result in greater production and higher exports in the future. |