Economic Indices refer to a set of economic indicators complied by Bank of Thailand for assessing and analyzing economic conditions in key sectors. The indices include Coincident and Leading Economic Indices, Private Consumption Index, Private Investment Index, Manufacturing Production Index, Capacity Utilization, Housing Price Index, Effective Exchange Rate and Business Sentiment Index.
Coincident and Leading Economic Indices
Coincident and Leading Economic Index are intended as a complimentary tool in the assessment of the economic trend. It is especially useful in the determination of the turning points of business cycles as well as the short – term forecast of the economy.
Private Consumption Index
Private Consumption Index is a composite index representing private consumption conditions . Base year is year 2000.
Private Investment Index
Private Investment Index is a composite index representing private investment conditions. Base year is year 2000.
Business Sentiment Index
Business Sentiment Index has been compiled with BOT survey data of around 800 businesses. The questionnaires are sent out during the last week of the previous month and are compiled by the third week of that given month.
Effective Exchange Rate
-NEER has been constructed from the weighted average of bilateral exchange rates of the baht vis-à-vis Thailand’s 21 major trading partners and trade competitors. -REER has been calculated from NEER adjusted for relative prices between that of Thailand and major trading partners as well as trade competitors.
Housing Price Index
Housing Price Indices have been compiled with Hedonic Method from the Government Housing Bank (GHB) appraisal database by Real Estate Market Research Department, Real Estate Information Center. The indices have some limitations to the extent that the data mostly cover medium- to low -end of housing market and are concentrated mostly on the periphery of the central BKK and vicinity.
Manufacturing Production Index
Manufacturing Production Index (MPI) serves as an indicator for the volume of production as well as the direction of manufactruing sector.
Capacity Utilization
Capacity Utilization is a production indicator of the manufacturing sector by comparing the actural production level with the corresponding full capactiy level. This reflects the capalility to accommodate expansion in production, exports and domestic price pressure.
