11 Apr 2022 Thai Economy KR-ECI declined in March as households were still concerned about rising product costs คะแนนเฉลี่ย คะแนนเฉลี่ย 5 stars 4 stars 3 stars 2 stars 1 star The protracted Russia and Ukraine conflict has substantially driven up energy and commodity prices because the two countries are major producers and exporters of these products. Rising product costs, therefore, caused the KR-ECI for March to decline to 33.4, against the 33.9 reported for February while the 3-month Expected KR-ECI remained at a low level of 36.1, versus the 36.0 percent recorded for February. Another survey conducted by KResearch on domestic employment shows that the labor market has yet to fully recover. Although the unemployment rate fell slightly in March 2022, many companies continued to cut overtime and delay in recruiting new employees at a high rate, suggesting that household income has yet to return to normalcy. Amid rising product costs, the government’s measures aimed at easing the high cost of living remain necessary. When households were asked about the kind of relief measures that should be implemented by the government, a majority of households (39.2 percent) wanted the government to freeze prices of necessities while 23.9 percent of households wanted the government to introduce the fifth phase of the co-payment program because the fourth phase is scheduled to expire on April 30, 2022. Looking ahead, there is high uncertainty foreseen in economic and living conditions of households amid persistent increases in product costs as the government will not stabilize retail diesel fuel prices after the end of April 2022 while LPG and power costs are set to increase steadily. Additionally, businesses may increasingly pass on costs to consumers. There will be increased risks from COVID-19 because the number of daily cases at home has begun to exceed 25,000 (excluding ATK). Close attention must be paid to whether the number of daily infections will increase to about 50,000 – 100,000 as projected by the Ministry of Public Health, or not. 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