The Northern Region’ Economic Conditions in February 2013

Farm Income

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Jan-09 Jul-09 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13

Agricultural price % YoY

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Agricultural production % YoY

Index % YoY Index % YoY

Index % YoY

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Jan-09 Jul-09 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13

Farm income % YoY

Source : Office of Agricultural Economics, calculated by Bank of Thailand, Northern Region Office

% YoY 2011r 2012r 2012 2013

H1r H2r Q3r Q4r Janr Febp

Farm Income 15.3 13.2 17.8 10.2 8.2 8.8 4.6 2.3

Production 9.3 10.9 15.9 7.6 2.1 9.9 4.9 1.8

Price 5.5 2.0 1.6 2.4 6.0 -1.0 -0.3 0.5

P = preliminary data , R = revised data

Regional Economy Division, Northern Region Office

2

Note : 1. farm income includes cost of production. 2. price excludes compensation and subsidies by government.

Index : 2007 = 100 % YoY

2011 2012 2012 2013

H1 H2 Q3 Q4 Janr Febe

MPI level 95.3 97.3 101.3 93.4 80.0 106.8 101.3 104.7

% YoY 1.7 2.2 1.7 2.6 5.8 0.3 3.0 1.3

MPI level, SA - - - - 94.8 92.7 95.3 97.3

% MoM, % QoQ, SA - - - - -6.9 -2.2 3.6 2.0

Manufacturing Production Index

3 Source : calculated by Bank of Thailand, Northern Region Office

Regional Economy Division, Northern Region Office

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Jan-09 Jul-09 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13

MPI % YoY

r = revised data, e = estimate data

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100

Jan-09 Jul-09 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13

Hotel occupancy

p = preliminary data, r = revised data

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Jan-09 JUL-09 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13

Air passenger % YoY

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Jan-09 Jul-09 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13

Vat : hotel & restaurant % YoY

Million Baht % YoY % YoY

%

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Jan-09 Jul-09 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13

Hotel average room rate

Baht/room

2012r 2012 2013

H1 H2r Q3 Q4r Janr Febp

428.1 227.5 200.4 91.7 108.9 51.5 49.6

13.0% 8.4 % 18.9% 16.6% 20.8% 10.6% 6.0%

‘000 persons

2012 2012 2013

H1 H2 Q3 Q4 Janr Febp

50.7 49.3 52.2 46.7 57.6 64.4 63.8

2012 2012 2013

H1 H2 Q3 Q4 Janr Febp

1,330.3 1311.1 1,349.5 1,182.3 1,516.7 1,667.1 1,602.9

Tourism Economic Research Division, Northern Region Office

4

2012 2012 2013

H1 H2 Q3 Q4 Jan Feb

5,817.5 2,830.0 2,987.5 1,324.3 1,663.2 629.5 591.3

19.0% 21.6% 16.7% 16.0% 17.2% 9.6% 17.0%

Sources : Ministry of Finance, Airports of Thailand Public Company Limited., and General Economic Survey and Processing Team, Bank of Thailand

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Wholesale Trade % YoY

Index

Source : Bank of Thailand, Northern Region Office

Trade Index

5

p = preliminary, r = revised data

% YoY

Regional Economy Division, Northern Region Office

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Jan-09 Jul-09 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13

Retail Trade % YoY

Index % YoY

2011 2012 2012 2013

H1 H2 Q3 Q4 Janr Febp

Wholesale Trade 182.9 223.0 222.3 223.7 222.5 225.0 265.9 260.3

% YoY 16.4 21.9 26.8 17.4 20.0 15.0 13.5 28.2

Retail Trade 170.0 204.0 194.9 213.2 209.1 217.3 241.7 217.1

% YoY 2.3 20.0 9.9 31.0 25.9 36.4 32.8 20.6

../TRADE_INPUT_new2.xlsx

2011r 2012r 2012 2013

H1r H2r Q3r Q4r Janr FebP

PCI 136.4 151.8 145.4 158.2 154.3 162.2 157.2 158.5

% YoY 1.8 11.3 7.2 15.2 12.1 18.4 14.0 10.9

% MoM, % QoQ, SA 5.9 8.8 3.7 5.1 -4.5 0.8

Index % YoY

Source : Bank of Thailand, Northern Region Office

Private Consumption Index

6

Regional Economy Division, Northern Region Office

p = preliminary, r = revised data

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PCI % YoY

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Jan-09 Jul-09 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13

PII % YoY

Index % YoY

Source: Bank of Thailand, Northern Region Office

2011 2012r 2012 2013

H1r H2r Q3r Q4r Janr Febp

PII 121.5 134.6 126.4 142.8 141.2 144.4 136.1 132.8

% YoY 4.1 10.8 3.4 18.3 15.4 21.3 16.5 7.1

% MoM, % QoQ - - 4.6 13.0 8.6 2.3 -5.7 -2.4

Private Investment Index Regional Economy Division, Northern Region Office

p = preliminary, r = revised data

Million Baht

Source : Ministry of Finance

Expenditure 2011 2012 2012 2013

H1 H2 Q3 Q4 Jan Feb

Current 125,051.4 160,593.6 78,068.8 82,524.8 38,215.2 44,309.6 10,659.4 10,328.0

% YoY 5.8 28.4 31.2 25.9 10.1 43.7 4.3 -40.0

Capital 51,181.4 47,475.8 18,983.0 28,492.8 16,561.2 11,931.6 3,878.3 3,089.1

% YoY 36.1 -7.2 -36.5 33.8 38.2 28.0 111.0 31.8

Total 176,232.8 208,069.4 97,051.8 111,017.6 54,776.4 56,241.2 14,537.7 13,417.1

% YoY 13.2 18.1 8.6 27.9 17.3 40.1 20.6 -31.4

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Jan-09 Jul-09 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13

Capital Current

Regional Economy Division, Northern Region Office

Public Expenditure

2011 2012 2012 2013

H1 H2 Q3 Q4 Jan Feb

EXPORTS 3,571.1 4,358.7 2,132.0 2,226.6 1,075.2 1,151.4 348.1 330.5

% YoY 12.1 23.2 24.5 19.8 16.5 22.9 12.0 -8.3

IMPORTS 1,559.0 1,617.1 784.7 832.3 423.2 409.1 134.6 110.7

% YoY 12.6 3.7 7.0 0.7 1.5 -0.1 1.8 -14.2

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Exports % YoY

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Imports % YoY

Source : Customs Department

Million US$ Million US$

Foreign Trade

% YoY % YoY

9

Regional Economy Division, Northern Region Office

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Raw food Energy

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Headline Food Non-food

Headline Inflation

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1.49

2.39 2.70 3.07

% YoY

% YoY % YoY Raw Food and Energy Core Inflation

Source : Ministry of Commerce

Inflation

2011 2012 2012 2013

H1 H2 Q3 Q4 Jan Feb

Headline 4.54 2.83 3.28 2.40 1.98 2.81 3.01 2.70

Food 9.76 4.38 6.78 2.12 2.13 2.12 3.57 3.07

Non-food 1.42 1.83 1.08 2.58 1.89 3.28 2.63 2.39

Core 3.16 2.60 3.10 2.11 2.16 2.07 1.76 1.49

8.30

Regional Economy Division, Northern Region Office

3.35

Labor Force Survey

% % of Total Labor Force

(as of Jan 2013) 2012r

2012 2013

H1 H2 Q3 Q4 Dec Jan

Labor Force (1,000 Persons) 100.0 7,341 7,261 7,422 7,430 7,414 7,480 7,228

Employed persons 98.6 0.8 0.1 1.3 1.2 1.4 -0.5 -0.3

Agriculture 52.7 4.0 3.3 4.7 5.0 4.4 8.3 -1.1

Non-agriculture 45.9 -2.3 -2.6 -2.0 -2.5 -1.5 -8.9 0.3

Manufacturing 10.2 0.0 -1.1 1.2 -0.5 3.0 0.7 12.2

Construction 8.5 7.2 2.1 13.7 9.0 18.5 0.0 7.9

Wholesale & retail trade 14.0 4.0 -3.3 -4.7 -3.9 -5.4 -16.2 -1.0

Hotel & restaurants Services 4.9 -8.0 -7.6 -8.3 -14.7 -1.4 -20.4 -1.7

Others 15.1 -4.9 -3.7 -5.5 -2.7 -8.3 -6.8 -8.1

Unemployed persons 0.6 5.6 21.5 -13.5 -7.7 -21.5 -35.6 -5.5

Seasonally inactive persons 0.1 5.1 76.0 -73.9 -60.9 -81.1 906.2 31.0

Unemployment Jan-12 Jan-13 In thousand

persons 42.5 40.2

rate 0.6 0.6

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2011 2012 2013 2011 2012 2013

’000 person %

Unemployment persons Unemployment rate

Source : National Statistical Office

Regional Economy Division, Northern Region Office

11

r = revised data

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Credits % YoY

Commercial Bank’s Deposits Commercial Bank’s Credits

Billion Baht % YoY Billion Baht % YoY

Source : Bank of Thailand

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Deposits % YoY

Deposits and Credits of Commercial Banks

2011

2012 2012 2013

H1 H2 Q3 Q4 Dec Jan

Deposits 439.8 543.0 510.1 543.0 529.6 543.0 543.0 548.3

% YoY 8.0 23.5 17.2 23.5 22.4 23.5 23.5 22.0

2011

2012 2012 2013

H1 H2 Q3 Q4 Dec Jan

Credits 403.4 477.1 429.6 477.1 454.2 477.1 477.1 480.0

% YoY 15.5 18.3 15.8 18.3 17.8 18.3 18.3 18.6

Regional Economy Division, Northern Region Office

12