Creating the Future of Finance - Breakthrough Innovation
% YoY of MPI
%MOM
K
KASIKORNTHAI
Economic Condition Highlights: January 2023
Jan 23 MPI and CAPU improved from previous month, especially
in petroleum, food and electrical appliance categories
ธนาคารกสิกรไทย
开泰银行 KASIKORNBANK
4Q22 construction area permission continued to decline, which
impacted investment in construction
30.0
20.0
10.0
0.0 w
-10.0
-20.0
75.0
60.4
65.0
-4.4 55.0
45.0
35.0
-30.0
Jan-16 Oct-16 Jul-17 Apr-18 Jan-19 Oct-19 Jul-20 Apr-21 Jan-22
-MPI (Ihs) -%Capacity Utilization (rhs)
%Capacity Utilization Rate
лол %
400%
300%
200%
100%
0%
-100%
0.67
0.17
-200%
1Q09 1010 1011 1012 1Q13 1Q14 1Q15 1Q16 1Q17 1Q18 1Q19 1Q20 1Q21 1Q22
-0.07
Construction areas permitted Nationwide
Condominium Registration Nationwide
New Housing registered in BKK and Vidnity
Jan23 Headline inflation slightly declined from previous month,
but remained at high level
4Q22 prices of all categories increased QoQ, but land price dropped
from the same quarter in the previous year
20.0
5.02
20
-0.5
-1.0
-1.5
-20
050505050
9.88
3.04
$88
10.0
7.88
0.0
4.9
4.4
1.8
3.88
€88
-10.0
Jan- May. See
May- Sep
18
Jan- May- Sep-Jan-
18 18 19 19 19 20
Hedhe CPI MbMhs)
May- Sop- Jan- M1 21 22 22 22 23
May- Sep-Jan-
1009 4009 3010 2011 1012 4012 3013 2014 1015 4Q15 3016 2017 1018 4018 3019 2020 1021 4Q21 3022
Hedhe CPI Moths
Coe CPI MMs)
Coe CP Y-hs
Singe House (Wth Lard)
Townhouse (WithLand)
Land
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: January 2023
Jan23 CCI hit a record high in 26 months, while BSI improved in line
with the Thai economic recovery
ธนาคารกสิกรไทย
开泰银行 KASIKORNBANK
Jan23 Private consumption consistently increased, due to spending in
service sector, while private investment improved
เวว
90
60%
80
40%
55
51.7
49.8
BSI
%YOY
20%
4.1%
22.7%
2.8% 0.4%
0%-
-1.5%
-1.5%
-20%-
50
PCI
PPI
Register 4.7% Construction Import of
-8.2%
-40%
Motor
Vehicles
Materials Capital
Goods
Consumer's Consumer's Consumer's
Non Durable Durable
Service
35
-60%
30
30
Jan-16 Ju-16 Jan-17 Ju-17 Jan-18 Ju-18 Jan-19 Ju-19 Jan-20 Ju-20 Jan-21 Ju-21 Jan-22 Ju-22 Jan-23
1Q22
2Q22
3Q22
■4Q22
■■■Dec-22
Jan-23
ConsumerConfidenceIndex (CC)
Business Sertiment Index (B SI)
Jan23 Foreign tourist arrivals showed strong rebound, although the
number was slightly less than previous month
Jan23 Exports were still in negative territory, amid global economic
slowdown, while China's re-opening was not evident yet
50.0
65.0%
100%
Export Value (USD
Million Person
= 40.0
20.4%
Million)
8.9% 9.4%
7.3%
4.2%
50%
32,000
30.0
20.0
10.0
0.0
-83.2%
1,501% 1,501%
0%
28,000
24,000
-93.6%,
-50%
20,000
-100%
16.000
12,000
-150%
8,000
2015 2016 2017 2018 2019 2020 2021 2022 1M23 Jan 23
No of Foreign Tourist Arrival
% Tourist Arrival YoY (RHS)
4,000
0
Jan-16 Sep-16
Exports
May-17 Jan-18 Sep-18.
Exports excluding gold
Sources: Bank of Thailand (BOT), Ministry of Commerce (MOC),
University of the Thai Chamber of Commerce (UTCC), and Office of Industrial Economics (OIE)
บริการทุกระดับประทับใจ
% YoY
60
50
May-19 Jan-20 Sep-20
Exports % YoY
May-21 Jan-22 Sep-22
Exports excluding gold % YoY
30
20
10
0
-10
-20
-30
148
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