7 Sep 2022 Thai Economy KR-ECI recovered for two straight months in August 2022, supported by higher employment and the fact that prices of several products began to increase at a slower rate from the previous month คะแนนเฉลี่ย คะแนนเฉลี่ย 5 stars 4 stars 3 stars 2 stars 1 star In August 2022, the KR-ECI and 3-Month Expected KR-ECI increased to 33.9 and 35.7, from the 32.5 and 34.0 reported for July 2022, albeit lower than 50, as households were generally optimistic towards income and employment after economic activity, particularly tourism has gradually bounced back. Additionally, the KR-ECI was supported by the fact that prices of several products began to increase at a slower rate from that recorded in July 2022. Some Thais also began to sign up for the fifth phase of the co-payment program (effective from September 1 to October 31, 2022). Having considered various components of the 3-Month Expected KR-ECI, it has been found that households are more concerned about higher energy, utility and basic service costs, suggesting that the rebound in the KR-ECI may remain fragile and that the rising cost of living will continue to pressure confidence of some households towards spending. Another survey conducted by KResearch on the fifth phase of the co-payment scheme, effective from September 1 to October 31, 2022, shows that more than 87 percent of the households surveyed intend to participate in the program. Of those households, 42.9 percent are of the view that the program will help ease their daily expenditures somewhat, particularly foods and beverages, while 36.8 percent want other measures that are more effective such as those that help reduce their water utility and electricity bills. KResearch views that the KR-ECI will be pressured by a number of factors ahead, including higher production and transportation costs, driven by energy prices such as cooking gas because they are set to increase in steps. Moreover, the fuel tariff (FT) will be raised for September-October, and there be a hike in the daily minimum wage for the first time in two years on October 1, 2022. Therefore, close attention must be paid to a cost transfer from operators to consumers. Caution must also be exercised towards flooding in many areas experiencing heavy precipitation. In spite of this, a rebound seen in economic activity and various government assistance measures such as the co-payment program, and those related to energy may help households to stay afloat somewhat during the remainder of the year. View full article Login / Register Or Enter the code from the poll Annotation This research paper is published for general public. It is made up of various sources. Trustworthy, but the company can not authenticate. reliability The information may be changed at any time without prior notice. Data users need to be careful about the use of information. The Company will not be liable to any user or person for any damages arising from such use. The information in this report does not constitute an offer. Or advice on business decisions Anyhow. Thai Economy KR-ECI Related Analysis View all 12 Mar 2018 Thai Economy Households are Cautious about Spending in 1Q18 According to a survey on household economic conditions for February, views of Thai households across the country toward economic conditions and the cost of living over the next three months remained unchanged. This is reflected in the 3-month Expected KR-ECI that was static at 47.1 in February. 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