Bangkok May-June 2021

While bar charts, line graphs
and simple numbers are hardly
capable of providing the defining
answer to many economic,
social and political questions,
they are certainly a good way of
obtaining a general overview of
any particular subject.
Each month the Business
Supplement will look into a
brace of statistical information
and provide readers with what
we consider to be the central elements
of these figures.
CAR SALES IN
THAILAND
RECOVERING
Domestic car sales within Thailand
in March 2021 surged 25.47 per
cent year on year, to reach 74,295
vehicles. The rise was partly due to a
dip the previous year.
In the prior months of this year,
the domestic car industry saw weak
trading conditions. In February 2021
only 58,960 cars were sold, a drop of
13.64 per cent on the previous year,
and in January 2021 sales plunged
21.3 per cent year-on-year to 55,208
units.
The calendar year of 2020 was
a year of recovery as car sales rose
from low levels at the start of the pandemic
to finish on a high note topping
104,000 units in December, an 11.3
BUSINESS SUPPLEMENT
JUST THE STATISTICS
per cent rise year-on-year.
Yet, the early part of 2020 saw
a slump due to the commencement
of the Covid19 pandemic, with just
30,109 units sold in April 2020 and
40,418 units sold in May.
A steady increase did start to occur
thereafter with 58,013 units sold
in June, 59,335 units sold in July and
68,883 cars sold in August.
September, October and November
of last year saw sales of 77,433,
74,114 and 79,177 vehicles respectively.
The last time that more than
100,000 cars were sold in a single
month was in March 2019 when
103,164 units were sold, an increase
of 9.1 per cent year-on-year.
THAILAND’S
INFLATION
RATE STILL
NEGATIVE
Thailand’s consumer prices
dropped 0.08 per cent year-on-year in
March 2021 compared to an expectation
of a rise of 0.1per cent.
It was the thirteenth month in a
row of deflation, but also the shallowest
number during the same period.
In the previous month the number
showed a more pronounced 1.17 per
cent fall.
On a monthly basis, consumer
prices rose modestly to the tune of
0.23 per cent compared to the prior
month, following a monthly fall of 0.91
per cent a month earlier.
Prior to this most recent 13-month
period of deflation, inflation rates were
range bound between 0.2 per cent
and 1.8 percent for the four-year period
between April 2016 and March
2020.
There have only been three other
periods of time in the last 30 years that
Thailand has experienced deflation
and these were during the aftermath
of the Asian financial crisis in 1998,
during the aftermath of the global financial
crisis in 2009, and for a 16
month period in 2015.
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