Housing price forecast index declined at the announcement of housing supply measures before the Lunar New Year
As the third corona19 epidemic began to calm down, this month’s consumer sentiment index rebounded after a month.
According to the results of the January Consumer Trends Survey released by the Bank of Korea on the 27th, the Consumer Sentiment Index (CCSI) recorded 95.4, up 4.2p from the previous month. The index continued its upward trend in October (+11.5p) and November (+6.1p), and fell 7.8p to 91.2 in December, when the third corona19 epidemic spread.
Hwang Hee-jin, head of the Statistical Research Team at the Economic Statistics Bureau, explained, “The third coronavirus epidemic has entered a calm phase, and the expectation to start vaccination has flowed.”
The consumer sentiment index is an index calculated using six indices, including current lifestyle, lifestyle forecast, household income forecast, consumption expenditure forecast, current economic judgment, and future economic outlook among the 15 indices that make up the Consumer Trends Index (CSI). . If it is lower than 100, it means that consumer sentiment is pessimistic compared to the long-term average (2003-2019).
Compared to the one month ago by composition index, △Present judgment (56) △ Future economic outlook (89, +8p) △ Current life situation (86) △Lifestyle outlook (93, +4p) △ Household income outlook (96, + 3p) All indices such as △consumption expenditure outlook (102, +3p) are the same as or higher than the previous month.
Positive perspectives also increased in the employment period turnover index (80, +6p), household savings outlook index (94, +1p), and wage level outlook index (112, +3p), which are not included in the consumer sentiment index. However, the household debt outlook index was 100, down 1p from the previous month.
On the other hand, the housing price outlook index fell 2p from the previous month to 130, turning it down in four months.
Hwang Hee-jin, the team leader, said, “The nationwide apartment sales price continues to rise, but as the government announced plans to provide housing before the Lunar New Year, expectations for a decline in house prices seem to have flowed. It seems that the sentiment that it will not be able to climb any more is also reflected.”
Copyright © Shin-A Ilbo Unauthorized reproduction and redistribution prohibited