September 4, 2017 / 5:46 AM / 10 months ago

Thai Q4 exports seen up no more than 5 pct y/y - shippers

BANGKOK, Sept 4 (Reuters) - Thailand’s annual exports are expected to grow no more than 5 percent in the fourth quarter as a strong baht has affected trade competitiveness, a group of shipping firms said on Monday, as the currency hovered at 28-month highs against the dollar.

The group predicts exports will rise 5 percent for the whole of 2017, Visit Limluecha, vice-chairman of the Thai National Shippers’ Council, told a news conference.

In January-July, exports, a key driver of Thailand’s growth, increased 8.2 percent from a year earlier.

Exports have just recovered in 2017 after years of weakness.

The baht has appreciated 7.9 percent against the dollar so far this year, becoming Asia’s best performing currency. (Reporting by Kitiphong Thaichareon; Writing by Orathai Sriring; Editing by Jacqueline Wong)

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