In the third quarter, Thai GDP increased by a stronger-than-expected 1.2 percent from the April-June period as domestic demand offset a slump in exports and output. With the year-on-year comparisons skewered by the 2011 floods, it is difficult for the central bank to get a real picture of how much momentum the economy will carry into 2013.
Exports slumped and the economy contracted sharply in the final months of 2011 as the floods swamped big industrial zones. Thailand is a regional hub and export base for top global car makers and the world's number two producer of hard disk drives.
In October, exports rose 15.57 percent from a year earlier. In a Reuters poll, economists had forecast a 20 percent gain because October 2011 was when Thailand began to suffer devastating floods that battered exports and the whole economy.