Thai economy slows in May on weaker tourism and production, says its central bank

The Thai tourism sector in May saw a decline in both revenue and the number of foreign tourists, particularly long-haul travellers, the Bank of Thailand said in a statement. - Photo: The Nation Thailand/Asia News Network

BANGKOK (Reuters): Thailand's economy in May softened from the previous month following a slowdown in the tourism sector and a decline in manufacturing production, which offset the surge in exports, the central bank said on Monday.

The tourism sector in May saw a decline in both revenue and the number of foreign tourists, particularly long-haul travellers, the Bank of Thailand said in a statement.