Consumption sentiment rebounded after corona slowdown… House price outlook fell in 5 months

Consumption sentiment rebounded after corona slowdown… House price outlook fell in 5 months

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January Consumer Trend Survey Results

(Seoul = Yonhap News) Reporter Seong Seo-ho = As the third spread of the new coronavirus infection (Corona 19) gradually calmed down, consumer sentiment improved in the first month of the new year.

According to the results of the Bank of Korea’s Consumer Trends Survey (January 11-18) on the 27th, the Consumer Sentiment Index (CCSI) for January was 95.4, up 4.2 points from last December.

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Han Eun explained that the CCSI rose as the outlook for economic and household financial conditions improved due to the calm of the third corona19 epidemic and anticipation of the start of vaccination. The number of new corona19 confirmed cases exceeding 1,000 people decreased to 400 (451) on the 11th when the consumer trend survey began, and to 389 on the 18th, the last day of the investigation.

CCSI is 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 (2003-2020).

Looking at the CCSI component index, the lifestyle forecast index (93) rose 4 points, and the household income forecast index (96) and consumption expenditure forecast index (102) rose 3 points side by side.

The future economic outlook index (89) jumped 8 points, and the current life style letter index (86) and the current economic judgment index (56) were the same as a month ago.

It is not included in the CCSI, but the employment period index (80) rose 6 points due to the expectation of resumption of economic activities.

The interest rate level outlook index (102) rose 3 points as expectations for further declines in interest rates weakened.

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The housing price outlook index (130), which continued to hit the highest level until last month, fell 2 points. Even this month, the rise in apartment sales prices across the country expanded, but it turned downward after five months.

An official from the BOK said, “The government announced that it would announce supply measures before the New Year’s Day, and it was already too high, so it seems that the sentiment of’will it rise further’ has worked.”

The current household debt index (103) was the same as in December, but the household debt forecast index (100) fell by 1 point.

During the same period, the wage level forecast index (112) rose 3 points.

The inflation rate, which evaluated the consumer inflation rate a year ago and the expected inflation rate, which predicted the consumer inflation rate after a year, both maintained the level of the previous month at 1.8%.

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2021/01/27 06:00 sent

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