KBank Subsidiaries and ASEAN Economic Strategy
WOW%
% YoY, of MPI
K
KASIKORNTHAI
ธนาคารกสิกรไทย
开泰银行 KASIKORNBANK
KR Household Economic Condition Index (KR-ECI)
■The 3-month Expected KR-ECI in June 2020 stayed at 37.4, showing signs of improvement from 35.9 recorded in May
2020. For the first time in 7 months, the KR-ECI for the next three months is found to be higher than the current
economic condition index. This turnaround suggests the perception of households towards economic conditions in, which
will continue to improve in the future.
KR Household Economic Condition Index (KR-ECI)
KR-ECI
Components of 3-month Expected KR-ECI
3-month Expected KR-ECI
50.0
48.0
46.0
44.0
42.0
40.0
38.0
36.0
34.0
32.0
Source: KResearch
30.0
Jan-18
Feb-
Mar-18
Apr-18
May-18
Jun-18
81 ՈՐ
Aug-18
Sep-1
Oct-18
Nov-18
Dec-18
Jan-19
Feb-19
Mar-19
Apr-19
May-19
Jun-19
Jul-19
Aug-19
Sep-19
Oct-19
Nov-19
Dec-19
Jan-20
Feb-20
Mar-20
Apr-20
May-20
Jun-20
30.5
Household savings
29.2
■Jun-20
■May-20
Household income
41.3
39.3
48.0
Household debt
37.4
36.0
Household expenses excluding debt
47.1
33.2
30.0
Prices of consumer goods
Source: KResearch
37.1
37.0
T
T
T
T
0 5 10 15 20 25 30 35 40 45 50 55
-Current KR-ECI
---3-month Expected KR-ECI
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: June 2020
Jun20 MPI contracted at a lower rate than previous months,
while CapU slightly picked up
ธนาคารกสิกรไทย
开泰银行 KASIKORNBANK
Activities in real estate market, except new housing registrations,
expanded in 1Q20
10
5
85
75
65
55.2
55
-20
-25
-17.7
-30
45
35
Jan-17
Jul-17
Jan-18
Jul-18
Jan-19
Jul-19
Jan-20
MPI (Ihs)
% Capacity Utilization (rhs)
1.0
0.5
0.0
-0.5
% Capacity Utilization Rate
% YoY
400%
300%
200%
100%
0%
-100%
Jun20 Headline inflation stood at -1.57% YoY, while core inflation
fell to -0.05% YoY
Property prices continued to improve in 1Q20, given government
stimulus measures for the housing sector
New Housing registered in BKK and Vicinity
1Q09 1Q10 1Q11 1Q12 1Q13 1Q14 1Q15 1Q16 1Q17 1Q18 1Q19 1Q20
Construction areas permitted Nationwide
Condominium Registration Nationwide
3.00
20.0
-0.05% YoY
2.00
15.0
1.00
0.00
10.0
-1.00
5.0
-2.00
-3.00
0.0
MITTTTTT
4.00
-1.57% YoY
-5.0
20
-10.0
Jan- May Sep- Jan- May- Sep- Jan-1 May- Sep- Jan- May-
17 17 17 18 18 18 9 19 19 20 20
Headline CPI (MOM-Ihs)
Headline CPI (YoY-rhs)
Sources: BOT, MOC, OIE, and REIC (Real Estate Information Center)
Core CPI (MoM-Ihs)
Core CPI (YoY-rhs)
บริการทุกระดับประทับใจ
Single House (With Land)
1Q09 2Q10 3Q11 4Q12 1Q14 2Q15 3Q16 4Q17 1Q19
Townhouse (With Land)
Land
5.1
4.9
3.7
162
48%
2%
-12%
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