Nopparat Chaichalearmmongkol

BANGKOK--Thailand's economy continued its steady recovery in the third quarter of 2016, remaining on track to expand by more than 3% for the full year, although it slowed somewhat from the second quarter as private investment fell.

Gross domestic product expanded by 3.2% in the three months through September, slowing from a 3.5% pace in the second quarter, according to data released Monday by the National Economic and Social Development Board.

The official GDP growth reading was slightly lower than a median forecast of 3.3% by 12 economists polled by The Wall Street Journal.

The Thai economy grew 0.6% from the previous quarter, compared with 0.8% growth in the April-June quarter from the preceding period. The on-quarter reading for July-September was slightly weaker than a 0.7% forecast by economists.

The NESDB--the government's economic planning arm--fine tuned its 2016 GDP growth projection to 3.2% from a range of 3.0% to 3.5% previously.

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(END) Dow Jones Newswires

November 20, 2016 22:19 ET (03:19 GMT)

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