15 Jan 2020 Thai Economy Households have worse outlook on their well-being for the next 3 months, reflecting concerns over the overall Thai economic sentiment คะแนนเฉลี่ย คะแนนเฉลี่ย 5 stars 4 stars 3 stars 2 stars 1 star KR-ECI in December 2019 stood 42.4, up from 42.0 in November 2019. Households became less worried about their income and employment, partly due to seasonal factors, namely, the annual pay raise of private companies. Additionally, prices of various agricultural produce increased, boosting the farmers' income. Despite the rise in KR-ECI in December 2019 when compared to the previous month, the index was considerably lower than 46.0 registered in the same period of the previous year.The 3-month Expected KR-ECI - surveyed in December 2019 – stayed at 42.2, barely changed from 42.1 recorded in November 2019. Thai households remained worried about their income and employment as well as their debt burden in the next three months. Moreover, the fact that the 3-month Expected KR-ECI stayed lower than the level of the current index reflects households' concerns over the overall Thai economic performance in the future.KResearch views that the Thai household economic conditions in 1H20 remain fragile amid various risk factors, namely, a steady decrease in domestic employment and water shortage for consumption and agricultural and industrial use due to the long dry season, which has continued from the previous year. Meanwhile, dust pollution may increase the healthcare expenditure burden of Thai households. To ease people's burden on cost of living, the government launched several programs such as short-term measures, namely, the reduction of the Purple Line's fares and the expressway toll fares for the users of the Easy Pass, and long term measures, namely, the minimum wage hike in January 2020, which should somewhat ease people's spending burden. 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-ECIExpenditure 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