Friday, 25 October 2013

Thailand Infrastructure Report Q4 2013

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Thailand Infrastructure Report Q4 2013
Oct 23rd 2013, 00:00

Price: $ 1295  

BMI View: Construction growth in Q213 has taken a dip, to reach 5.0%, confirming our view that growth in the Thai construction sector could decelerate from the heights seen in 2012 despite a relatively conducive monetary environment and a robust project pipeline. As such, we are maintaining our full-year construction forecasts for 2013 and 2014, with construction real growth reaching 5.2% in 2013 and 4.5% in 2014. This deceleration is primarily due to delays in implementing several initiatives intended to spur infrastructure development and the limited potential for growth in the residential and non-residential building sector. Key developments in the country's infrastructure industry include: ? In August 2013, the Electricity Generating Authority of Thailand (EGAT) revealed plans to construct ...

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