Thai exports seen down

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    BANGKOK- Thailand’s customs-cleared exports in October likely declined 3.7 percent from last year, a Reuters poll showed, after dropping 1.39 percent in the prior month.

    Imports in October are expected to have contracted 6.6 percent from a year ago, according to the median forecast of 13 analysts in the poll, compared with a 4.24 percent drop in September.

    According to the poll, Thailand likely recorded a trade surplus of $0.40 billion in October, compared with a surplus of $1.28 billion in September.

    On Monday, the state planning agency predicted exports would contract 2 percent this year, rather than decline 1.2 percent it had projected earlier. – Reuters