KASIKORNBANK Economic and Subsidiaries Performance Overview
K
KASIKORNTHAI
Monthly Economic Conditions: July 2023
2022
Units: YoY %, or indicated otherwise
Jul-22
Aug-22 Sep-22
Oct-22
Nov-22 Dec-22
Jan-23 Feb-23 Mar-23
Apr-23
May-23
Jun-23 Jul-23
Private Consumption Index (PCI)
8.5
14.9
17.4
11.7
6.5
6.9
2.4
4.8
4.8
6.7
7.9
7.0
6.5
7.3
Non-durables Index
2.1
7.4
7.9
5.5
2.8
2.8
0.3
2.3
3.6
2.1
1.9
4.0
3.1
2.0
Durables Index
7.4
13.6
41.5
10.4
2.6
0.3
-5.6
0.4
4.3
3.0
1.3
7.9
4.2
2.9
Service Index
Passenger Car Sales
Motorcycle Sales
22.9
32.81
36.8
28.9
24.7
23.0
19.9
22.7
24.2
28.2
24.0
19.1
17.3
17.8
10.6
19.8
58.4
28.2
2.8
-11.6
-2.0
-9.6
-22.8
-26.3
-24.4
-21.3
-31.4
-29.0
12.0
28.4
76.9
9.5
1.5
3.4
-13.5
-1.3
15.0
9.0
11.6
23.7
25.6
14.4
Private Investment Index (PII)
2.7
3.2
9.3
4.3
-0.7
-2.2
-5.0
-1.6
0.2
0.7
-2.5
2.7
-1.6
1.4
Construction Material Sales Index
3.3
16.9
10.9
2.5
4.1
11.1
-3.6
-1.1
0.2
1.8
-7.6
2.6
-2.7
1.9
Domestic Machinery Sales at constant prices
8.6
13.8
27.8
12.6
3.7
3.0
0.2
0.3
3.8
5.4
0.4
3.7
-3.7
-4.8
Imports of Capital Goods at constant prices
-2.7
-5.6
0.8
-0.8
-5.1
-9.2
-13.5
-4.5
-2.6
-1.1
-3.9
11.6
5.4
10.1
Newly Registered Motor Vehicles for Investment
8.6
5.9
34.6
23.8
-4.0
-10.1
-8.5
-14.7
-10.7
-17.7
-17.8
-16.5
-20.0
-10.5
Manufacturing Production Index
0.4
6.0
14.6
2.9
-4.2
-5.4
-8.4
-4.8
-2.4
-3.9
-8.7
-3.0
-5.0
-4.4
Capacity Utilization
62.8
63.3
64.9
63.8
60.5
60.1
60.0
60.4
61.5
60.8
58.7
59.8
59.8
60.6
Agricultural Production Index
0.9
-0.8
-3.1
-0.5
-0.5
1.8
2.8
3.5
6.5
2.3
7.3
-5.5
1.0
2.7
Agricultural Price Index
11.6
18.1
23.3
19.0
18.4
13.3
7.5
1.6
4.3
-8.8
-7.4
-2.6
-6.0
-3.7
Tourist arrival growth
2506.6
6125.0
7679.7 10598.0
7178.2
1816.0
872.0
1501.9
1283.3
953.0
643.9
286.2
191.5
119.5
Exports (Custom basis)
5.5
4.3
7.5
7.8
-4.4
-6.0
-14.6
-4.5
-4.7
-4.2
-7.6
-4.6
-6.4
-6.2
Price
4.2
4.7
4.6
4.0
3.2
3.0
3.2
3.0
2.1
0.9
0.9
0.2
-0.4
0.5
Volume
1.3
-1.3
3.7
4.5
-6.3
-7.8
-14.2
-6.3
-6.0
-6.5
-5.8
-6.1
-5.5
-5.9
Imports (Custom basis)
13.6
23.9
21.2
15.6
-2.1
5.6
-11.9
5.5
1.1
-7.1
-7.3
-3.4
-10.3
-11.1
Price
13.0
19.7
18.3
15.8
13.0
12.1
12.4
8.8
5.2
0.5
1.8
-1.6
-3.5
-1.8
Volume
2.0
7.3
6.0
4.2
-7.7
-2.2
-19.0
2.
-3.2
-6.1
-5.3
-0.3
-6.0
-10.4
Trade Balance ($ millions) (Custom basis)
-16.123 -3,661 -4,215
-853
-596
-1,342
-1,034 -4,650
-1,113
2,719
-1,472 -1.849
58 -1,978
Current Account ($ millions)
-16,942.4 -4,035.7 -3,578.6
-217.5
350.6
-713.7
794.7 -1,978.3
1,034.0
4,413.3
-581.3 -2,766.1 1,448.8 -444.9
Headline CPI
6.08
7.61
7.86
6.41
5.98
5.55
5.89
5.02
3.79
2.83
2.67
0.53
0.23
0.38
Core CPI
2.51
2.99
3.15
3.12
3.17
3.22
3.23
3.04
1.93
1.75
1.66
1.55
1.32
0.86
Sources: Bank of Thailand (BOT), Ministry of Commerce (MOC), Office of Industrial Economics (OIE), and Office of Agricultural Economics (OAE)
บริการทุกระดับประทับใจ
ธนาคารกสิกรไทย
开泰银行 KASIKORNBANK
■In July 2023, Private
consumption and private
investment increased MoM,
in line with Thai economic
recovery
■Manufacturing and
agricultural production
improved, due to an increase
in domestic demand
■Thai exports contracted more
than expected, amid global
economic slowdown, while
trade balance registered a
deficit in this month
■Headline inflation slightly
increased, due to increasing
oil prices, while core inflation
gradually decelerated
149
K
KASIKORNTHAI
ธนาคารกสิกรไทย
开泰银行 KASIKORNBANK
KR Household Economic Condition Index (KR-ECI)
■ In July 2023, KR-ECI increased to 36.0 from 35.0 in June 2023, given fading concerns of Thai households. This
reflected across all components of the index amid Thailand's continuous economic recovery driven by tourism
sector. Nevertheless, 3-month Expected KR-ECI remained stable at 38.8 as uncertainties in Thai economy
remained high
KR Household Economic Condition Index (KR-ECI)
Components of 3-month Expected KR-ECI
KR-ECI
50.0
48.0
40.0
44.0
42.0
40.0
38.01
36.0
34.0
32.0
30.0
KR Household Economic Condition Index (KR-ECI)
--3-month Expected KR-ECI
Current KR-ECI
Jul-19
61-100
22
02-10
Oct-20
38.0
CC 38.8.
36.0
35.0
Household savings
Household income and
employment
Household debt
Household expenses
excluding debt
Prices of consumer goods
Source: KResearch
■■Jul-23
Jun-23
35.1
33.8
3-month Expected KR-ECI
39.8
39.9
46.6
49.2
46.4
49.3
44.4
49.9
42.1
49.4
21.1
22.6
20.1
22.9
30.4
29.8
28.6
28.6
Jul-23
Jun-23
0
10 20
20
30
40
50
0 10
20
30 40 50
60
Source: KResearch
Notes: The KR Household Economic Condition Index (KR-ECI) has been devised by KResearch to monitor household sentiment towards economic conditions at
the current level and over the next three months. Any reading above 50 reflects positive sentiment and below 50 negative sentiment.
- Research sample includes households in Bangkok and Metropolitan Area (BMA).
- KR-ECI consists of household savings, household income, household debt, household expenses excluding debt, and prices of consumer goods.
บริการทุกระดับประทับใจ
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