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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
ThailandThailand Coincident Index climbed to 100.47 in March 2023
FMPMonthlyReleased April 2023
Thailand Coincident Index climbed to 100.47 in March 2023, released April 2023, up 0.74 from February's 99.73 reading.
Latest Release
100.470000
Actual
—
Consensus
99.730000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.30 | FOREX | Watch | → View |
| USD/JPY | ▼ Inverse | −0.30 | FOREX | Watch | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Watch | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Coincident Index (Thailand) was reported at 100.47 in April 2023. The reading rose from the previous value of 99.73.
WHY IT MATTERS
The trailing three releases averaged 107.33, down from the prior three at 122.68.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with BTC/USD (Watch). A secondary relationship exists with USD/JPY, negatively correlated (Watch).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Interest Rate Decision (Jun 24).
Auto-generated from current model state · Refreshes on each release · Last update April 2023.
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Coincident Index - TH
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About Coincident Index — Thailand
DEFINITION
The Coincident Index is a key financial indicator that measures the current state of the economy by tracking the overall level of economic activity. It takes into account various factors such as employment, industrial production, and personal income to provide a comprehensive view of the economy's health. This index is often used by policymakers and investors to make informed decisions about economic trends and potential risks. Its timely and accurate data makes it a valuable tool for assessing the current economic climate.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Feb 2023): actual 100.5. Prior reading (Jan 2023): 99.65. Before that (Dec 2022): 121.9.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection.