Creating the Future of Finance - Breakthrough Innovation
K
KASIKORNTHAI
Monthly Economic Conditions: January 2023
ธนาคารกสิกรไทย
开泰银行 KASIKORN BANK
2022
■In January 2023, private
Units: YoY %, or indicated otherwise
Jan-22 Feb-22
Mar-22
Apr-22
May-22
Jun-22
Jul-22 Aug-22
Sep-22
Oct-22 Nov-22
Dec-22
Jan-23
Private Consumption Index (PCI)
8.5
8.1
3.8
0.8
8.9
12.1
10.2
14.9
17.4
11.6
6.6
7.2
2.6
4.1
consumption continued to
Non-durables Index
2.1
2.8
-4.3
4.9
2.2
3.7
1.3
7.2
7.8
5.3
2.9
3.2
0.4
2.8
increase, due to a strong
Durables Index
7.4
14.1
12.2
0.2
3.0
11.6
1.9
13.6
41.5
10.4
2.6
0.3
-5.6
0.4
Service Index
Passenger Car Sales
Motorcycle Sales
22.9
17.1
14.8
9.8
17.3
26.5
27.3
32.8
36.8
28.9
24.7
23.0
19.9
22.7
10.6
14.9
33.8
23.9
5.8
6.2
12.9
18.2
57.1
28.2
3.3
-10.8
0.5
-9.1
12.0
27.5
16.9
-3.5
12.3
28.0
-3.4
30.0
77.1
8.6
1.5
2.8
-13.8
-1.7
Private Investment Index (PII)
2.7
7.2
3.7
1.4
0.3
3.3
5.0
4.0
10.4
14.1
0.1
-1.7
-3.2
-1.5
Construction Material Sales Index
3.3
-2.6
-2.8
-3.8
2.9
-2.2
4.1
16.9
10.9
0.8
44
4.1
11.1
-3.6
-1.5
Domestic Machinery Sales at constant prices
8.6
12.8
9.7
4.9
1.2
4.9
10.1
13.8
27.7
3.4
3.5
2.9
3.0
2.7
Imports of Capital Goods at constant prices
-2.7
9.5
-5.2
4.9
-4.2
2.5
2.2
-5.7
1.3
-1.6
-4.3
-9.2
-12.9
-8.2
Newly Registered Motor Vehicles for Investment
8.6
3.5
8.5
5.0
2.5
7.4
4.8
5.9
34.6
-10.5
-4.0
-10.1
-8.5
-14.7
Manufacturing Production Index
0.4
1.9
2.4
0.2
-0.4
-2.3
-0.5
6.0
14.6
2.9
-4.2
-5.4
-8.4
-4.4
Capacity Utilization
62.8
64.1
64.0
63.9
63.3
61.9
63.2
63.3
64.9
63.8
60.5
60.1
60.0
60.4
Agricultural Production Index
0.9
-1.9
-1.8
11.7
-0.8
5.3
4.2
-3.7
-7.4
-2.7
0.6
2.2
5.4
2.7
Agricultural Price Index
11.6
4.4
0.2
8.8
10.2
9.1
11.2
18.1
23.3
18.9
18.3
13.3
7.5
1.5
Tourist arrival growth
2506.6
1641.2 2564.6
3028.2
3339.0
8518.3
13388.6
6125.0
7679.7
10598.0
7178.2
1816.0
872.0 1501.9
Exports (Custom basis)
5.5
8.0
16.2
19.5
9.9
10.5
11.8
4.3
7.5
7.8
-4.4
-6.0
-14.6
-4.5
Price
4.2
3.6
3.8
4.5
5.0
4.2
5.3
4.7
4.6
4.0
4.0
3.0
3.2
3.0
Volume
1.3
4.1
11.6
13.8
1.5
6.0
5.6
-1.0
3.7
4.7
-6.3
-8.0
-14.0
*N/A
Imports (Custom basis)
13.6
20.5
16.8
18.0
21.5
24.1
24.5
23.9
21.2
15.6
-2.1
5.6
-11.9
5.5
Price
13.0
10.6
12.1
15.4
15.4
14.6
15.9
14.3
14.9
12.9
12.9
98
9.2
5.4
Volume
2.0
8.2
3.1
2.7
4.7
8.2
9.5
8.0
7.7
5.5
-6.7
-1.5
-18.0
*N/A
Trade Balance ($ millions) (Custom basis)
-16,123 -2,526
123
1,459 -1,908 -1,874
-1,529 -3,661 4,215
-853
-596
-1,342 -1,034 -4,650
Current Account ($ millions)
-16,942.4 -2,606.1 -943.1
1,102.2 -2,020.9 -2.925.9
-3,079.8 -4,044.7 -3,587.6
-56.0
562.5 -445.2
Headline CPI
6.08
3.23
5.28
5.73
4.65
7.10
7.65
7.61
7.86
6.41
5.98
5.55
1,102.0
5.89
-2,002.6
5.02
Core CPI
2.51
0.52
1.80
2.00
2.00
2.28
2.51
2.99
3.15
3.12
3.17
3.22
3.23
3.04
rebound in tourism sector,
while private investment
slightly picked up MoM
■Manufacturing products
improved, in line with private
investment, although it
remained pressured by a
global economic slowdown
■Thai exports experienced
contraction for 4 consecutive
months and trade balance
registered the highest deficit
in 10 years
■Thailand headline inflation
slightly declined from the
previous month, but it
remained at high level
* Unreleased data from BOT
Sources: Bank of Thailand (BOT), Ministry of Commerce (MOC), Office of Industrial Economics (OIE), and Office of Agricultural Economics (OAE)
บริการทุกระดับประทับใจ
145
K
KASIKORNTHAI
ธนาคารกสิกรไทย
开泰银行 KASIKORNBANK
KR Household Economic Condition Index (KR-ECI)
■ In November 2022, the KR-ECI and 3-month Expected KR-ECI increased to 35.0 and 36.4, from 33.8 and 35.7
reported for October 2022, as inflation in Thailand grew at a slower rate for the third consecutive month.
Additionally, households were upbeat about employment, thanks to steady recovery seen in tourism
KR Household Economic Condition Index (KR-ECI)
Components of 3-month Expected KR-ECI
KR-ECI
50.0
KR Household Economic Condition Index (KR-ECI) -0-3-month Expected KR-ECI
48.0
Current KR-ECI
46.0
44.0
42.0
40.0
38.0
36.0
34.0
32.0
30.0
Source: KR-ECI Survey
Source: KResearch
35.7 36.4
35.0
33.8
■Nov-22
Oct-22
3-month Expected KR-ECI
32.3
37.3
Household savings
Household income and
employment
31.7
36.1
44.1
46.9
43.6
47.0
45.5
49.3
Household debt
45.1
49.0
Household expenses
excluding debt
Prices of consumer goods
Source: KResearch
20.5
18.8
17.8
17.1
31.0
27.1
29.2
26.5
Nov-22
Oct-22
0 10 20
30 40
50
0
10
20
30 40 50
60
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
146View entire presentation