the northern region’ economic conditions · 2016 2017 h1 q1 q2 q3p wholesale trade 288.5 346.7...
TRANSCRIPT
The Northern Region’ Economic Conditions in the Third Quarter 2017
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Agricultural price % YoY
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Agricultural production % YoY
Index % YoY
Index % YoY
Source : Office of Agricultural Economics, calculated by Bank of Thailand, Northern Region Office
Note : 1. farm income includes cost of production.2. price excludes compensation and subsidies by government.
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Farm income % YoY
% YoY 2016R2017
H1 Q1 Q2 Q3
Farm Income -14.3 48.5 28.6 68.4 24.0
Production -12.2 54.4 31.0 77.8 31.9
Price -2.0 -3.7 -1.9 -5.5 -6.0
Farm IncomeRegional Economy Division, Northern Region Office
Index % YoY
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Index : 2006 = 100 % YoY
Manufacturing Production IndexRegional Economy Division, Northern Region Office
Source : Customs Department calculated by Bank of Thailand, Northern Region Office 3
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MPI % YoY
20162017
H1 Q1 Q2 Q3
MPI level 87.7 96.3 117.4 75.2 83.2
% YoY -9.2 5.5 2.0 11.3 24.4
MPI level, SA - - 95.3 91.2 102.3
% MoM, % QoQ, SA - - 7.0 -4.3 12.2
Hotel average room rate
2016 2017
H1 Q1 Q2 Q3
Baht/room 947.8 1,074.1 1,191.0 957.3 1,031.9
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Baht/room
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% YoYMillion Baht
Vat - Hotel&Restaurant %YOY(RHS)
Vat: Hotel & Restaurant
2016 2017
H1 Q1 Q2 Q3
Million Baht 673.2 383.5 228.4 155.3 159.6
% YoY 7.9 6.0 9.0 2.0 8.0
Sources : The Revenue Department, Airports of Thailand Public Company Limited., Department of Airports and Department of Tourism
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% YoY ‘000 persons
Air passenger %YOY (RHS)
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%
Air passenger
2016 2017
H1 Q1 Q2 Q3
‘000 person 12,372.9 6,618.9 3,594.3 3,024.6 3,235.4
% YoY 13.5 9.4 10.8 7.6 9.3
Hotel Occupancy
2016 2017
H1 Q1 Q2 Q3
% 57.0 61.1 68.2 54.1 51.1
Regional Economy Division, Northern Region Office
Tourism
4
Index % YoY Index % YoY
20162017
H1 Q1 Q2 Q3P
Wholesale Trade 288.5 346.7 334.0 364.5 334.7
% YoY 12.4 18.9 16.8 22.6 21.9
Retail Trade 189.4 200.7 200.2 201.3 189.0
% YoY 3.0 2.7 2.8 2.7 2.3P = Preliminary data, R = Revised data
Source : Bank of Thailand, Northern Region Office
Trade IndexRegional Economy Division, Northern Region Office
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Jan-14 Jul-14 Jan-15 Jul-15 Jan-16 Jul-16 Jan-17 Jul-17
Wholesale Trade % YoY
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Retail Trade % YoY
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P = Preliminary data, R = Revised data
20162017
H1 Q1 Q2 Q3P
PCI 152.2 153.5 152.4 154.2 155.0
% YoY 2.4 0.1 -0.5 0.5 2.6
% MoM, % QoQ, SA 1.6 1.0 1.1 0.5
Index % YoY
Private Consumption Index Regional Economy Division, Northern Region Office
Source : Bank of Thailand, Northern Region Office
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PCI % YoY (RHS)
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Index, SA % YoY
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20162017
H1R Q1R Q2R Q3R
PII 113.6 115.4 116.3 113.8 108.5
% YoY -4.7 2.2 2.0 1.8 -4.9
% MoM, % QoQ - - 1.1 -2.1 -4.7
Private Investment IndexRegional Economy Division, Northern Region Office
Source: Bank of Thailand, Northern Region Office
P = Preliminary data, R = Revised data
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PII % YoY (RHS)
Million Baht
Source : Ministry of Finance
Expenditure 20162017
H1 Q1 Q2 Q3
Current* 82,126.4 31,845.3 16,638.6 15,206.6 21,093.3
% YoY 25.5 -24.7 -26.7 -22.4 19.0
Capital 69,420.1 31,390.2 18,901.8 12,488.4 13,753.3
% YoY 10.2 -12.1 -0.3 -25.5 -6.9
Total* 151,546.4 63,235.5 35,540.4 27,695.1 34,846.6
% YoY 18.0 -19.0 -14.7 -23.8 7.2
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Capital Current
Regional Economy Division, Northern Region Office
Public Expenditure
* Excluded Salary
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Exports % YoY
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Imports % YoY
Million US$ Million US$% YoY % YoY
Source : Customs Department
Foreign TradeRegional Economy Division, Northern Region Office
Million US$ 20162017
H1 Q1 Q2 Q3
EXPORTS 5,273.6 2,648.1 1,344.9 1,303.1 1,308.8
% YoY -1.0 0.0 1.1 -1.1 5.1
IMPORTS 2,071.2 1,101.5 481.4 620.1 704.7
% YoY 21.5 19.4 8.0 30.1 18.4
9
% YoY
% YoY % YoY Raw Food and EnergyCore Inflation
%YoY 20162017
H1 Q1 Q2 Q3
Headline 0.06 0.47 1.24 -0.30 0.29
Food 1.41 -1.57 0.58 -1.83 -0.85
Non-food -0.78 5.56 1.65 0.67 1.02
Core 0.57 0.34 0.42 0.27 0.45
Headline Inflation
Source : Ministry of Commerce
InflationRegional Economy Division, Northern Region Office
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Headline Food Non-food
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Raw food Energy
’000 person %
Source : National Statistical Office 11
The rate of change of employed persons by industry
Unemployment
Regional Economy Division, Northern Region Office
%YOY% of Total Labor Force
(as of Jun 17)2016*
2017
H1 Q1 Q2 Q3
Labor Force (1,000 Persons) 100 6,406.5 6,364.4 6,376.4 3,352.4 6,322.4Employed persons 98.6 -1.3 -0.9 -1.8 0.0 -2.0Agriculture 45.7 -7.4 3.6 0.9 6.5 -2.0Non-agriculture 52.9 3.7 -3.9 -3.6 -4.2 -2.0
Manufacturing 8.1 -0.9 -8.1 -11.7 -4.4 2.3Construction 8.4 4.6 -7.3 -6.5 -8.0 -2.1Wholesale & retail trade 12.9 3.5 -5.4 -5.3 -5.5 -2.7Hotel & restaurants 6.4 7.3 -0.6 0.8 -2.1 -4.0Others 23.5 5.6 0.3 2.6 -1.9 -2.9
Unemployed persons 0.9 22.4 17.1 2.6 33.7 -3.5Seasonally inactive persons 0.4 -12.4 10.3 23.0 1.5 115.8
Unemployed 2016* 2017H1 Q1 Q2 Q3
‘000 persons 60.9 68.4 64.1 72.6 61.4rate 0.96 1.08 1.01 1.14 0.97
Unemployment persons Unemployment rate
Labor Force Survey
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2014 2015 20162014 2015 2016
* Calculated by Bank of Thailand, Northern Region Office
Commercial Bank’s Deposits Commercial Bank’s Credits
Billion Baht % YoY Billion Baht % YoY
Source : Bank of Thailand
Deposits and Credits of Commercial BanksRegional Economy Division, Northern Region Office
12
BillionBaht
20162017
H1 Q1 Q2 Q3
Deposits 637.9 647.5 654.9 647.5 641.9
% YoY 2.5 1.2 2.6 1.2 2.2
Billion Baht
20162017
H1 Q1 Q2 Q3
Credits 584.5 579.8 579.4 579.8 585.9
% YoY -0.7 -0.2 -1.1 -0.2 0.7
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Credits % YoY
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Deposits % YoY