28/12/2023 print
Regional economic and fiscal situation in November 2023
The regional economy in November 2023 received support from private consumption that expanded in the southern region and Bangkok and surrounding areas, as well as the tourism sector that expanded well. In addition, consumer confidence and confidence in the industrial sector has improved in every region.
Mr. Pornchai Teerawet, Director of the Fiscal Policy Office Revealing the regional economic situation for November 2023, “The regional economy in November 2023 received support from private consumption that expanded in the southern region and Bangkok and surrounding areas, including the tourism sector that expanded well. In addition, consumer confidence and confidence in the industrial sector has improved in every region” with details as follows:
The southern economy in November 2023 received support from private consumption. and tourism that can expand In addition, consumer confidence and confidence in the industrial sector improved. by economic indicators of private consumption Reflected by the collection of Value Added Tax at a constant price, the number of newly registered passenger cars. and the number of newly registered motorcycles expanded by 10.6, 1.7, and 10.1 percent per year, respectively, while farm income slowed by -0.7 percent per year, but grew by 3.2 percent compared to the previous month after removing seasonal effects. Consumer confidence was at the level of 57.8, increasing from the previous month’s level of 57.1. Private investment indicators. This is reflected in the number of newly registered personal trucks. and the number of new registered trucks slowed down. However, the capital of factories that started operations was valued at 2,069 million baht, expanding 767.8 percent per year, with investment in a factory producing rubber medical gloves. in Songkhla Province is important. On the supply side, industrial sector indicators This is reflected in the Industrial Sentiment Index at 95.1, increasing from the previous month’s level of 92.2. Service indicators Reflected by the number of visitors and visitor income grew by 64.1 and 61.3 percent per year, respectively.
The economy of Bangkok and surrounding areas in November 2023 received support from private consumption. and tourism that can expand as well as consumer confidence and confidence in the industrial sector improved. by economic indicators of private consumption Reflected by the collection of Value Added Tax at a constant price, the number of newly registered passenger cars. and the number of newly registered motorcycles grew by 1.4, 8.1, and 2.1 percent per year, respectively, while farm income slowed down. The Consumer Confidence Index stood at 60.7, increasing from the previous month’s level of 60.0. Private sector investment This is reflected in the number of newly registered trucks expanding 16.4 percent per year, while the number of newly registered personal trucks. and the capital of factories starting business has slowed down. On the supply side, industrial sector indicators This is reflected in the Industrial Sentiment Index at 91.8, an increase from the previous month’s level of 89.1. Service indicators Reflected by the number of visitors and visitor income grew by 18.4 and 49.1 percent per year, respectively.
The northern economy in November 2023 received support from tourism. In addition, consumer confidence and confidence in the industrial sector improved. by economic indicators of private consumption Reflected by the collection of Value Added Tax at a constant price, the number of newly registered passenger cars. and farmer income grew by 4.4, 3.6, and 2.8 percent per year, respectively, while the number of newly registered motorcycles slowed by -10.4 percent per year, but expanded by 8.4 percent compared to the previous month after eliminating seasonal effects. Consumer confidence stood at 61.5, increasing from the previous month’s level of 60.9. Private investment indicators. This is reflected in the number of newly registered personal trucks. and the number of newly registered trucks slowed down Meanwhile, the capital of factories that have begun operations is worth 342.7 million baht, expanding 126.9 percent per year, mainly from investments in plant processing and freezing plants in Phayao Province. On the supply side, industrial sector indicators This is reflected in the Industrial Sentiment Index at 96.9, increasing from the previous month’s level of 93.4. Service indicators Reflected by the number of visitors and income from visitors grew by 5.5 and 21.7 percent, respectively.
The Eastern economy in November 2023 received support from tourism. and private investment In addition, consumer confidence and confidence in the industrial sector improved. by economic indicators of private consumption This is reflected in the collection of Value Added Tax at constant prices expanding by 3.0 percent per year, while the number of newly registered passenger cars. Number of newly registered motorcycles and farm income slowed down. The Consumer Confidence Index stood at 63.4, increasing from the previous month’s level of 62.8. Private investment indicators This is reflected in the number of new registered trucks expanding by 0.6 percent per year. The capital of the factories that started operations was valued at 2,828.5 million baht, expanding by 15.5 percent per year. This is an investment in a factory producing fast semiconductor products related to Semi-Conductor in Chonburi province is important, while the number of newly registered personal trucks has slowed down. On the supply side, industrial sector indicators This is reflected in the Industrial Sentiment Index at 86.3, increasing from the previous month’s level of 83.7. Service indicators Reflected by the number of visitors and visitor income grew by 20.9 and 45.4 percent per year, respectively.
The Western economy in November 2023 received support from tourism and consumer confidence. and confidence in the industrial sector improved. by economic indicators of private consumption This is reflected in the collection of Value Added Tax at constant prices expanding by 0.2 percent per year. The number of newly registered passenger cars slowed by -7.8 percent per year, but expanded by 7.0 percent compared to the previous month after eliminating seasonal effects. The number of newly registered motorcycles slowed down. The Consumer Confidence Index stood at 59.1, increasing from the previous month’s level of 58.4. Private investment indicators This is reflected in the number of newly registered personal trucks. Number of newly registered trucks and the capital of factories starting business has slowed down. On the supply side, industrial sector indicators This is reflected in the Industrial Sentiment Index at 91.8, an increase from the previous month’s level of 89.1. Service indicators Reflected by the number of visitors and visitor income grew by 19.5 and 34.3 percent per year, respectively.
Northeastern Economy In November 2023, there was support from tourism. In addition, consumer confidence and confidence in the industrial sector improved. by economic indicators of private consumption This is reflected in the collection of Value Added Tax at constant prices and farmers’ income expanding by 11.0 and 4.3 per year, respectively, while the number of newly registered passenger cars. and the number of newly registered motorcycles slowed down. The Consumer Confidence Index stood at 63.5, increasing from the previous month’s level of 62.9. Private investment indicators This is reflected in the number of newly registered personal trucks. and the capital of factories starting to operate has slowed down Meanwhile, the number of new truck registrations slowed by -19.2 percent per year, but expanded by 5.0 percent compared to the previous month after eliminating seasonal effects. On the supply side, industrial sector indicators This is reflected in the Industrial Sentiment Index at 87.1, increasing from the previous month’s level of 85.8. Service indicators Reflected by the number of visitors and visitor income grew by 21.4 and 30.4 percent per year, respectively.
Central economy In November 2023, there was support from tourism. In addition, consumer confidence and confidence in the industrial sector improved. by economic indicators of private consumption This is reflected in VAT collection at constant prices expanding 14.6 percent per year, but slowing down -0.6 percent compared to the previous month after eliminating seasonal effects. The same is true of the number of newly registered passenger cars. Newly registered motorcycle and farm income slowed down. The Consumer Confidence Index stood at 59.1, increasing from the previous month’s level of 58.4. Private investment indicators This is reflected in the capital of the factory that started operations worth 73,696.1 million baht, expanding as high as 94,140 percent per year, which is an investment in a ground-mounted solar power plant. in Saraburi Province is important, while the number of newly registered personal trucks and the number of newly registered trucks slowed down. On the supply side, industrial sector indicators This is reflected in the Industrial Sentiment Index at 91.8, an increase from the previous month’s level of 89.1. Service indicators Reflected by the number of visitors and visitor income grew by 11.9 and 34.3 percent per year, respectively.
2023-12-28 05:05:59
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