KASIKORNTHAI Regulatory Capital and Financial Performance Update
% YoY of MPI
K
KASIKORNTHAI
ธนาคารกสิกรไทย
开泰银行 KASIKORNBANK
KR Household Economic Condition Index (KR-ECI)
■ In September 2023, KR-ECI and 3-month Expected KR-ECI rose to 37.4 and 39.7, respectively, compared to the
previous month. This indicates a significant improvement in households' views toward product prices - particularly
in the energy and utility categories - and expenses (excluding debt) following the government's formation and
introduction of stimulus measures such as a reduction in energy prices.
KR Household Economic Condition Index (KR-ECI)
Components of 3-month Expected KR-ECI
48.0
KR-ECI
50.0
KR Household Economic Condition Index (KR-ECI)
3-month Expected KR-ECI
40.0
44.0
42.0
40.0
38.0
36.0
14.0
32.0
30.0
Jan-18
Apr-18
M-18
Oct-18
Jan-19
Apr-19
JU-19
Oct-19
Jan-20
Apr-20
Jul-20
Oct-20
12-10
12-0
M-21
12-10
Jan-22
April 22
MY-22
Oct-22
Jan-23
Apr-23
Jul-23
Current KR-ECI
■Sep 23
Aug 23
37.0
Household savings
3-month Expected KR-ECI
40.9
Household income and employment
39.7
48.7
489
44.1
51.5
50.0
49.4
38.9
Household debt
50.3
37.4
225
36.2
Household expenses excluding debt
204
224
21.5
Prices of consumer goods
31.3
29.6
9.1
Sep-23 Aug-23
27.7
Source: KResearch
0 10
20
30
40
50
0 10 20
30
40
50
60
Source: KResearch
Notes: The KR Household Economic Condition Index (KR-ECI) has been devised by KResearch to monitor household sentiment towards economic conditions at
the current level and over the next three months. Any reading above 50 reflects positive sentiment and below 50 negative sentiment.
- Research sample includes households in Bangkok and Metropolitan Area (BMA).
- KR-ECI consists of household savings, household income, household debt, household expenses excluding debt, and prices of consumer goods.
บริการทุกระดับประทับใจ
K
KASIKORNTHAI
Economic Condition Highlights: October 2023
Oct23 MPI and CAPU declined MoM after accelerating in the
previous period
ธนาคารกสิกรไทย
开泰银行 KASIKORNBANK
3Q23 All property indicators showed improvement, especially
construction area permits that returned to positive territory
30.0
20.0
10.0
75.0
400%
300%
65.0
58.7
200%
100%
0.0
55.0
0%
-10.0
-4.3
Mar
45.0
1.01.
-0.08
-0.10
-100%
-20.0
-200%
-30.0
MPI (Ihs)
Jan-17 Oct-17 Jul-18 Apr-19 Jan-20 Oct-20 Jul-20 Apr-22 Jan-23 35.0
-%Capacity Utilization (rhs)
1009 1010 1011 1012 1013
1014
Construction areas permitted Nationwide
1015 1016 1017 1018 1019 1020 1021 1022 1023
Condominium Registration Nationwide
New Housing registered in BKK and Vicinity
Oct23 Thai inflation slipped into negative territory for the first time
in more than 2 years, due to government support and high base
3Q23 Land price continued to improve in line with Thai economic
recovery, while housing prices remained flat
20.0
2.0
8.00
1.5
1.0
0.66
10.0
0.5
0.0
-0.5
1.00
0.00
-0.31 -1.00
0.0
-1.0
-1.5
-4.00
-20
-5.00
Jan-May- Sep- Jan-May- Sep- Jan-May- Sep- Jan-May- Sep- Jan-May- Sep- Jan-May- Sep- Jan-May-
17 17 17 18 18 18 19 19 19 20 20 20 21 21 21 22
-10.0
22 22 23
Care CPI (MoM-Ihs)
Care CPI (YoY rhs)
Headline CPI(MoM-Ihs)
Headline CPI(YoY-rhs)
Sources: Bank of Thailand (BOT), Ministry of Commerce (MOC),
University of the Thai Chamber of Commerce (UTCC), and Office of Industrial Economics (OIE)
Single House (With Land)
บริการทุกระดับประทับใจ
1Q09 4Q09 3Q10 2011 1012 4Q12 3Q13 2014 1015 4Q15 30 16 2017 1Q18 4Q18 3019 2020 1021 4Q21 3022 2023
Townhouse (With Land)
Land
3.8
3.7
3.6
150
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