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

[webfact]

 

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/

 

-- © Copyright Thai Enquirer 2022-02-11

 

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[daveAustin]

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Researchers recommend that the government should come up with more targeted measures to help lower living costs

How’s about helping people out with the trillions stashed away in gold and foreign currency reserves? Or better still, disbanding and letting real people run things?

 

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Positive factors that could boost people’s income include the resumption of the Test and Go entry program.

lol

[StayinThailand2much]

It is obvious that most people don't have much spending power. Less customers, less shopping all around. Many people cannot manage their finances. Will that change in the near future? For some people, who'll be lucky to benefit from rising tourist numbers, perhaps. But with  ridiculous and unnecessary arrival measures, international travellers will give Thailand a wide berth...

[Pique Dard]

2 hours ago, webfact said:

An increase of households’ concern driven by the rise of living costs,

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

[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?

[tonray]

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

[hotchilli]

4 hours ago, webfact said:

“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.

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

[Cake Monster]

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.

 

[StayinThailand2much]

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 February 11, 2022 by StayinThailand2much

[Pique Dard]

9 hours ago, Isaanlife said:

You really expect the politician's to arrest themselves?

of course, not! take time to look at the emoticon...