Economic Indicators – Thai Style

May 18, 2007 at 3:48 am Leave a comment

Paul (MindShare, Thailand) writes:

We’re always looking for those nuggets of information that give us insight into the future direction of an economy. Often the more traditional measures are too little, too late.

If you’ve worked in Thailand then you may have heard about the Mama Noodle Index. This states that as the economy declines sales of instant noodles increase exponentially, as people cut back on eating out & discretionary spending on food.

Read more here : http://www.theage.com.au/news/world/using-their-noodles/2005/09/04/1125772407287.html

Now we have another equally unusual but maybe very telling index. Gold shop robberies.

goldshop.jpg

Especially up country, traffic and turnover through gold shops is a useful economic barometer. Unfortunately in recent months, most of that traffic have been people looking to purchase on the “5 finger discount”.

Recent headlines:
Police concerned by near-daily robberies
Gold shops hunkering down– Wave of thefts has owners turning to everything from barricades to dogs
Police urge gold shops to tighten security

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Entry filed under: thailand.

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