Fiscal Policy Office Report on Regional Economic Situation Weekly as of September 17, 2021

Sep 19, 2021 | view 1,743

Fiscal Policy Office - The Regional Economic Situation Weekly Report as of September 17, 2021 is as follows:
(1) New truck registrations in August 2021 decreased by 14.9%.
(2) Factories starting operations in August 2021 had an investment value of 9.33 billion baht, with high capital investment in the Eastern region and Bangkok and its vicinity.

Private sector investment reflects a decline in new truck registrations across almost all regions, except for the Southern region, which saw growth, while factories starting operations had high capital investment in the Eastern region and Bangkok and its vicinity.

New truck registrations in August 2021 totaled 5,538 units, reflecting a year-on-year decline of 14.9% compared to the previous month (and when adjusted for seasonal effects, a decline of 17.09% month-on-month). The details are as follows:
1) Southern region grew by 6.9% year-on-year, with strong growth in Pattani, Songkhla, and Surat Thani.
2) Northeastern region declined by 3.1% year-on-year but still saw growth in Surin, Udon Thani, and Bueng Kan.
3) Northern region declined by 9.5% year-on-year but still saw growth in Uthai Thani, Tak, and Phichit.
4) Western region declined by 12.6% year-on-year, with growth in Samut Songkhram and Kanchanaburi.
5) Central region declined by 15.5% year-on-year, with growth in Sing Buri.
6) Eastern region declined by 15.6% year-on-year, with growth in Sa Kaeo and Prachinburi. And 7) Bangkok and its vicinity declined by 28.9% year-on-year, with growth in Samut Prakan and Nakhon Pathom.

The capital of factories starting operations in August 2021 was valued at 9.33 billion baht, with investments distributed across several regions, particularly:
1) Eastern region had a high capital value of 5.686 billion baht, with investments in Chachoengsao amounting to 2.682 billion baht, including a factory for manufacturing dry-type energy storage batteries and related components worth 2.070 billion baht, and investments in Prachinburi amounting to 1.349 billion baht, with a factory for sorting used paper and separating plastic and metal for recycling into reusable paper briquettes valued at 1.300 billion baht.
2) Bangkok and its vicinity had a capital value of 1.88965 billion baht, with investments in Samut Sakhon amounting to 716.40 million baht, including a factory for producing and packaging all types of vegetable oils, and biodiesel production worth 260 million baht, and investments in Samut Prakan amounting to 662.32 million baht, with a factory for manufacturing special parts or equipment for vehicles or trailers valued at 236.48 million baht.