12 Jun 2023 Thai Economy KR-ECI was static in May 2023 after declining for two consecutive months; Thai households were less concerned about expenses and product prices but were more worried about income คะแนนเฉลี่ย คะแนนเฉลี่ย 5 stars 4 stars 3 stars 2 stars 1 star Falling product prices, especially in the energy category, have led to easing concerns among Thai households about expenses and prices of goods. However, worries rose about their income due to a decline in sales or operating profit as the persistently high cost of living put pressure on consumer purchasing power, reflecting that the Thai economic recovery remains uneven. KR-ECI in May 2023 was thus stable at 34.8, compared to the previous month.Additionally, KResearch’s survey results regarding how households plan to cope with rising electricity charges and hot weather show that a high percentage of households (84.5 percent) have opted to reduce their electricity consumption at home. Plus, most households (37.0 percent) have an improved outlook towards a potential decrease in power bills following implementation of the new government’s policies.Looking ahead, Thailand’s economic recovery, driven by increasing number of foreign tourist arrivals, will further boost household employment and income which are key components of the KR-ECI. However, the improvement of KR-ECI remains fragile amid challenging factors both at home and abroad, especially domestic political uncertainty that must be monitored and a global economic slowdown that is exerting pressure on the country’s exports. 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. 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