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Household confidence on spending drops to ‘lowest level on record’: Kasikorn Research Center


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By Erich Parpart

 

An increase of households’ concern driven by the rise of living costs, has pushed Kasikorn Research Center (KResearch)’s Household Economic Condition Index (KR-ECI) down to its lowest level on record, the research center said in a report released on Thursday.

 

“The results from the survey on the household economic condition has continued to drop for four months in a row to 30.9 points, which is the lowest level on record,” researchers said.

 

Kasikorn’s Research Center’s index was at 33.9 points in December. The KR-ECI’s equilibrium mark is 50 points, anything higher indicates that respondents are not worried about their costs of living.

 

Full story: https://www.thaienquirer.com/37406/household-confidence-on-spending-drops-to-lowest-level-on-record-kasikorn-research-center/

 

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-- © Copyright Thai Enquirer 2022-02-11

 

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Guest Isaanlife
55 minutes ago, Pique Dard said:

Arrest and jail anyone profiting from this rise of living costs! then living costs will go down for sure ????

You really expect the politician's to arrest themselves?

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4 hours ago, hotchilli said:

The household pot empties yet the trough always gets topped up.

Yes indeed !.

The Household debt to GDP ratio over the last 6 months has increases massively.

The GDP ration rose from 86 % as of June end 2021 to a record 99% of GDP as of December end.

Thats a 13 % rise in GDP, which is massive.

Money is being borrowed from the Banks at an astonishing amount to feed the lifestyles of the Thai population.

This amount of borrowing cannot possibly be sustainable, and for sure the amount of " Special Mention " Debt and the number of full blown NPL has to rise in a parallel fashion also.

 

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5 hours ago, tonray said:

certainly not affecting the baht against the dollar...soaring past few days...even with record inflation in US and beckoning interest rate increases

Not surprising with Thailand acting more like a bank than a modern state. - Why does Thailand need 246 billion US$ (Jan. 22) worth of foreign currency reserves (incl. 61 billion in U.S. treasury securities as of Sep. 21) and 244 tonnes of gold? Ambitions to become the 'Switzerland of the East' (while many Thais hardly have two 10-baht coins to rub together, planning their next lunch)? 

 

 

Edited by StayinThailand2much
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