shrank from the economic slowdown, as operators opted to invest in process improvement and efficiency enhancements, as well as introduction of technology to reduce costs. EEC area is also slowing down, but

main drivers namely export and tourism sectors potentially slowing down partly from the continue trade tensions between the US and China. Meanwhile, consumption could potentially be limited by the

resulting in lower manufacturing costs. Meanwhile, in the auto industry, the total number of car sales for 2019 showed a slowing down trend with sales for total year 2019 at 1,007,552 units, contraction of

1 % Y o Y - 1 7 % Y o Y - 2 1 % Y o Y - 1 7 % Y o Y -10% YoY Page 3  Export branded sales continued to grow by c.10%. The growth was slowing down due to a stronger baht against the US dollar, while

supported by the improvement in farm income. Nevertheless, signs are pointing to the slowing momentum of car sales which could be indications of market saturation and could potentially lead to price

income. Nevertheless, signs are pointing to the slowing momentum of car sales, with sales for the month of June declining by 2.1% yoy, the first decline in 30 months, which could be indications of market

tourism sectors potentially slowing down partly from the continue trade tensions between the US and China. Meanwhile, consumption could potentially be limited by the depressions in farm income and high

2019 showed a slowing down trend with sales for the first eight months totaled 685,652 units, growth of 4.2%. The passenger vehicle and commercial vehicle segment expanded by 6.0% and 3.1% yoy. The slow

showed a slowing down trend with sales for the first 9 months totaled 761,847 units, growth of 2.0%. The passenger vehicle and commercial vehicle segment expanded by 5.0% and 0.2% yoy. The slow growth is

the most as some border checkpoints are still closed, resulting in higher costs of import and transportation to overseas countries, less competitiveness, as well as export customers slowing down import