KASIKORNBANK Economic and Subsidiaries Performance Overview
WOW%
% YoY of MPI
K
KASIKORNTHAI
Economic Condition Highlights: July 2023
Jul23 MPI and CAPU increased MoM, in line with higher private
consumption particularly in non-durable goods
30.0
20.0
10.0
0.0 m
-10.0
-20.0
-30.0
60.865.0
ธนาคารกสิกรไทย
开泰银行 KASIKORNBANK
2Q23 all property indicators were still in negative territory, whereas
construction areas permitted decreased less than previous quarter
ཙཱིཏྟི ༡༧ཡིན ༤,
75.0
400%
300%
200%
55.0
100%
W-4.4
0%
M
-0.05
-0.15
45.0
1Q09 1010 1011 1012 1Q13 1Q14 1015 1016 1017 1018 1019 1Q20 1Q21 1Q22 1Q23
-0.49
-100%
35.0
-200%
Construction areas permitted Nationwide
Condominium Registration Nationwide
New Housing registered in BKK and Vicinity
Jan-17 Oct-17 Jul-18 Apr-19 Jan-20 Oct-20 Jul-20 Apr-22 Jan-23
-MPI (Ihs) -%Capacity Utilization (rhs)
Jul23 Headline inflation slightly increased, due to
higher energy prices
2Q23 Price of housing category remained flat, while land price
showed improvement but was still under the pre-COVID level
2.0
1.5
1.0
0.5
0.0
-0.5
-1.0
-1.5
-20
3.00
2.00
1.00
0.00
0.86 -1.00
20.0
10.0
0.38
: ال
0.0
-3.00
-4.00
-5.00
-10.0
21 21 22 22
22 23 23
Core CPI (MbMihs
Core CPI (YoYehs)
1Q09 4009 3Q10 2011 1012 4Q12 3013 2014 1015 4Q15 3Q16 2017 1Q18 4Q18 3019 2020 1021 4021 3Q22 2023
Single House (With Land)
Townhouse (With Land)
Land
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
HeadlineCPI(MdM-hs)
HeadlineC PI(YoY-rts)
Sources: Bank of Thailand (BOT), Ministry of Commerce (MOC),
University of the Thai Chamber of Commerce (UTCC), and Office of Industrial Economics (OIE)
บริการทุกระดับประทับใจ
K
KASIKORNTHAI
Economic Condition Highlights: July 2023
Jul23 CCI dropped for the first time after rising for 14 consecutive
months, likewise BSI continue to decline, amidst political uncertainty
ธนาคารกสิกรไทย
开泰银行 KASIKORNBANK
Jul23 Private consumption and investment picked up,
but demand in durable goods continued to decline
CCI
SEOKRESEAR
35
30
3.6
33
3.3
1.1
55.6
49.3
35
30
TITTI
៩៩៦៩៣88888
BSI
60%
40%
% YoY
20%
7.3%
1.4%
1.9%
10.1%
2.0%
2.9%
17.8%
0%
-20%
-10.5%
-40%
-60%
PCI
PPI
Registered Construction
Motor
Vehicles
Materials
Import of
Capital
Goods
Consumer's Consumer's Consumer's
Non Durable Durable
■2Q23
■7M23
■ Jun-23
■Jul-23
Service
Jan-17 Jul-17 Jan-18 Jul-18 Jan-19 Jul-19 Jan-20 Jul-20 Jan-21 Jul-21 Jan-22 Jul-22 Jan-23 Jul-23
Consumer Confidence Index (CCI)
Business Sentiment Index (BSI)
Jul23 Foreign tourist arrivals continuously rebounded, especially in the
■4Q22
■1Q23
Jul23 Exports contracted more than expected, due to the sagging
demand from main trading partners
Million Person
Russian market
50.0
2507%
100%
Export Value (USD
Million)
20.4%
40.0
8.9% 9.4% 7.3% 4.2%
381%
32,000
50%
28,000
30.0
20.0
29.9
-83.2%
120% 0%
24,000
10.0
0.0
32.5
35.6
-93.6%
38.2
-50%
20,000
39.8
16.000
2
-100%
12,000
-150%
8,000
2015 2016 2017 2018 2019 2020 2021 2022 7M23 Jul23
No of Foreign Tourist Arrival
--% Tourist Arrival YoY (RHS)
4,000
0
Jan-17 Sep-17
May-18
Jan-19 Sep-19
May-20
Exports
Exports excluding gold
Jan-21
Exports % YoY
Sep-21
Sources: Bank of Thailand (BOT), Ministry of Commerce (MOC),
University of the Thai Chamber of Commerce (UTCC), and Office of Industrial Economics (OIE)
บริการทุกระดับประทับใจ
May-22
% YoY
60
50
40
30
20
-6.2%
10
0
-10
-20
-5.3%
-30
-40
Jan-23
- Exports excluding gold % YoY
152
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