September Household Economic Index suggests pickup

[webfact]

September Household Economic Index suggests pickup

BANGKOK, 9 October 2015 (NNT) – Kasikorn Research Center has indicated an improvement in public confidence in the economy, as suggested by a minimal drop in its September household economic index and the uptrend in its economic forecast index.

A report by Kasikorn Research Center showed that household economic index in September slightly dropped from 43.5 to 43.3 compared to August. Meanwhile, the economic forecast index for the next three months continued to rise for two consecutive months, reaching the six-month high of 46.5.

According to analysts, the improving indexes signified that the household sector was feeling more positive with the economic condition, possibly because of the government’s efforts to help low wage earners and drought-affected farmers.

However, the center cautioned that the country’s economy still had to face a number of challenges, particularly the global economic situation and the drought crisis, adding thst speedy injection of budgets into different levels of economy would help cushion negative impacts of the uncontrollable factors.


-- NNT 2015-10-09

[waldroj]

If you believe NNT propaganda, the economic forecast index for the next three months continued to rise for two consecutive months, reaching the six-month high!

However, this morning my stockbrokers (CIMB Thailand) in their daily report, said consumer confidence falls for ninth month! As an investor in Thailand, I was already aware of what has been going on over the last nine months.

NNT conclude their usual ‘upbeat’ assessment of the Thai economy, by saying that speedy injection of budgets into different levels of economy would help cushion negative impacts of the uncontrollable factors (whatever that means).

It’s now 17 months since the junta took power and promised oh so much. Alas, we are still waiting for the speedy injection of budgets. But, like this seasons rains, both have failed to materialise.

Rhetoric and propaganda are no substitute for action and truth, no matter how hard NNT (and that other cesspit of spin, TAT) try to sugar-coat the situation.

Incidentally, the latest Press Release from the Bank of Thailand (dated 30 September) says:

“Overall economic activities in August 2015 remained weak. Merchandise exports contracted further as a result of the slowdown in demand from China and ASEAN countries.

Meanwhile, the number of foreign tourist arrivals decelerated. Private consumption slightly improved but in general still reflected households’ cautious spending amidst falling

household income especially those of non-farm households and fragile consumers’ confidence”.

[Thai at Heart]

Suggests a pickup? Better keep the money in the bank.

[ratcatcher]

Suggests a pickup? Better keep the money in the bank.

If not a pickup, at least a cheap car?

[theguyfromanotherforum]

Off to buy a condo.

[elgordo38]

If you believe NNT propaganda, the economic forecast index for the next three months continued to rise for two consecutive months, reaching the six-month high!

However, this morning my stockbrokers (CIMB Thailand) in their daily report, said consumer confidence falls for ninth month! As an investor in Thailand, I was already aware of what has been going on over the last nine months.

NNT conclude their usual ‘upbeat’ assessment of the Thai economy, by saying that speedy injection of budgets into different levels of economy would help cushion negative impacts of the uncontrollable factors (whatever that means).

It’s now 17 months since the junta took power and promised oh so much. Alas, we are still waiting for the speedy injection of budgets. But, like this seasons rains, both have failed to materialise.

Rhetoric and propaganda are no substitute for action and truth, no matter how hard NNT (and that other cesspit of spin, TAT) try to sugar-coat the situation.

Incidentally, the latest Press Release from the Bank of Thailand (dated 30 September) says:

“Overall economic activities in August 2015 remained weak. Merchandise exports contracted further as a result of the slowdown in demand from China and ASEAN countries.

Meanwhile, the number of foreign tourist arrivals decelerated. Private consumption slightly improved but in general still reflected households’ cautious spending amidst falling

household income especially those of non-farm households and fragile consumers’ confidence”.

Ooops looks like someone at the B of T is heading for a re-education for not sugar coating things in the land of smiles and happiness. Negative bank speak is a no no.

Edited October 9, 2015 by elgordo38

[Praematura]

Suggests a pickup? Better keep the money in the bank.

In dollar denominated accounts.[emoji6]

[Srikcir]

"household economic index in September slightly dropped from 43.5 to 43.3"

That is an almost immaterial decrease when compared to other indicators such as:

"August's [2015] private consumption signalled a slowdown from a 2.4-per-cent shrinkage of collections of value-added tax at constant prices, a 5.9-per-cent contraction of VAT on imports at constant prices and a 0.2-per-cent contraction of VAT on domestic spending at constant prices." - S&P

The nation is moving into a sustainable depression. Time for another presentation to the UN.