Thailand's household debt to gross domestic product ratio stood at 86.8% in the third quarter, down from a revised 88.1% in the previous quarter, central bank data showed on Friday, as the economy continued to recover.
New-vehicle sales in December are expected to reach 1.27 million units, an increase of nearly 4% compared to December 2021, according to a forecast released today by Cox Automotive. Sales volume in December is expected to rise by nearly 11% compared to last month, mostly due to two additional selling days in December. The December 2022 auto sales pace, or seasonally adjusted annual rate (SAAR), however, is expected to finish near 13.2 million, a large decline from November's 14.1 million pace.
Oil prices ticked down on Thursday as surging COVID-19 cases in China dimmed hopes of a recovery in fuel demand in the world's second-biggest oil consumer.
The dollar steadied on Thursday after riding long-end U.S. Treasury yields higher overnight, as initial optimism over China's reopening fizzled.
Asian share markets fell along with oil prices on Thursday as soaring COVID cases in China unsettled investors who have been expecting the world's second biggest economy to regather momentum after the relaxation of stringent COVID curbs.
South Korea's retail sales fell for a third straight month in November, data showed on Thursday, clouding economic growth in the current quarter as demand from China and other major markets loses momentum.