FPO makes use of satellite dataThe Fiscal Policy Office (FPO) is using satellites and carbon dioxide density measures to study economic conditions on a more continuous basis, according to senior officials at the Finance Ministry's think tank. The data will allow the FPO to analyse data for areas to improve efficiency in tracking the most recent economic circumstances, as traditional economic indicators are either laggards or do not provide area analysis data, said Pisit Puapan, director of the FPO's Macroeconomic Policy Bureau. Satellite data and carbon dioxide density will enable the FPO to get the most current economic picture with a mere 2-3 days of delay, he said. Satellite data can be used in monitoring economic conditions by tracking night-time lights, building areas, points of interest and road length, Mr Norabajra said. Significant carbon dioxide density was spotted in some areas, including greater Bangkok, Chon Buri, Rayong, Saraburi and Lampang.

Source: Bangkok Post July 12, 2020 22:30 UTC