KR Household Economic Condition Index (KR-ECI) slipped to 45.6 in March, due partly to concern toward global trade that has become ever more complex and could affect the Thai economy in any way, while there has been no new stimulus in the country. In addition, households incurred extra expenses (excluding debt) on trips to popular locales and holidays planned for the Songkran Festival.
The 3-month Expected KR-ECI fell to 46.3 as households have anticipated higher expenses during the upcoming festival amid heightened concern about prices of goods and services following the daily minimum wage rise.
During 2Q18, close attention must be paid to a number of issues, including domestic prices of goods and services after the daily minimum wage hike, prices of many key agricultural produce that are expected to decline, thus hurting farm income, plus US-China trade tensions that may affect Thai exports.
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