BANGKOK, June 28 (Reuters) - Thailand recorded a current account surplus of $0.7 billion in May, the Bank of Thailand said on Friday, after a small deficit in the previous month.
Southeast Asia's second-largest economy continued to grow in May but the pace slowed from the previous month, the Bank of Thailand said in a statement.
The recovery of exports and manufacturing is likely to be slow, but higher tourism and government spending will continue to support activity, it said.
Exports rose 7.8% in May from a year earlier. Private consumption rose 0.3% in May from the previous month but investment dropped 3% on the month.
The central bank has forecast economic growth of 2.6% this year and 3% next year.
Last year's 1.9% expansion lagged regional peers.
(Reporting by Orathai Sriring and Kitiphong Thaichareon; Editing by John Mair)
