11 Oct 2022 Thai Economy September KR-ECI remained static from the previous month. Flooding presents risk to household income and spending คะแนนเฉลี่ย คะแนนเฉลี่ย 5 stars 4 stars 3 stars 2 stars 1 star In September 2022, the KR Household Economic Condition Index (KR-ECI) and 3-month Expected KR-ECI stood at 33.9 and 35.2. Households were more optimistic towards prices of many product categories, with the exception of foods and beverages, as energy costs began to decline. Additionally, heavy precipitation has resulted in flooding and caused damage to agricultural land in many areas, triggering increased concern among households about their income and employment, including expenses that may increase in the aftermath of the inundations. Another survey conducted by KResearch, September 21-27, 2022, on the impact of flooding shows that 19.2 percent of households already incurred additional expenses of more than THB5,000/family. Looking ahead, improvements in the economy and living conditions of households will likely be inhibited by several downside risks, including high prices of goods and commodities, especially energy although they have begun to decline. Meanwhile, close attention must be paid to flooding across the country as related losses to agricultural outputs and households have begun to be seen. Such losses may pressure household purchasing power further. The government’s economic stimulus measures such as the co-payment and “We Travel Together” programs will end on October 31, 2022. However, the relaxation on travel restrictions aboard will likely help bolster the number of international tourist arrivals in Thailand, and this will in turn help generate more income and support employment in the country. New stimulus measures to be implemented by the government during the second half of 2022 such as tax breaks and are set to support the economy, as well. 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-ECIEmploymentSpending 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. Households still had positive views toward income and employment, given the daily minimum wage rise slated for April 2018, while prices of some key agricultural produce, namely “Hom Mali” rice and cassava, have begun to increase. However, households were concerned about growing debt.... Read more 0 KB 0 KB 19 Feb 2018 Thai Economy Thai economy continues to grow in 2018 Growth of 4.0% is expected (Business Brief No.3727) The Thai economy in 4Q17 was buoyed by high growth in exports and tourism, while household consumption started to improve compared to... Read more 0 KB 0 KB 9 Feb 2018 Thai Economy Official launch of EEC: Key to Thailand’s Economic Development (Current Issue No. 2899 Full Ed.) The National Legislative Assembly (NLA) has approved the Eastern Economic Corridor (EEC) bill which is expected to boost investor confidence in large-scale, long-term investments by providing private investors additional incentives, namely non-tax privileges and a speedier process for licensing, in addition to the government's efforts to promote EEC investment through infrastructure projects and tax incentives. ... Read more 0 KB 0 KB 22 Jan 2018 Thai Economy Thai Household Debt May Fall to 77-78% of GDP in 2018 (Current Issue No. 2896) In 3Q17, Thailand's household debt fell from 78.4 percent of GDP – as recorded in 2Q17 – to 78.3 percent of GDP, which could be the res... Read more 0 KB 0 KB 18 Jan 2018 Thai Economy Economy Likely Unfazed by THB5-22 Daily Minimum Wage Hikes Nationwide (Business Brief No.3722 Full Ed.) The National Wage Committee recently agreed to raise the daily minimum wage to THB315.97, on average, or a range of THB308-330 across the... Read more 0 KB 0 KB 12 Jan 2018 Thai Economy Household sentiment toward economy continues to improve for 3 straight months, sending positive signal for private consumption in 1Q18 ... Read more 0 KB 0 KB View all