[이코노믹리뷰=황대영 기자] As the third corona19 epidemic has subsided, consumers’ overall perception of the economy is also improving. In addition, expectations for an economic recovery have been revived as expectations for vaccination, which will be held from February, have been added.
According to the’January 2020 Consumer Trend Survey Results’ released by the Bank of Korea on the 27th, the consumer sentiment index (CCSI) in January was 95.4, up 4.2 points (p) from the previous month. The Bank of Korea explained that the outlook for the economy and households’ financial situation improved due to the entering of a calm phase of the third corona19 epidemic and expectation to start vaccination.
The consumer sentiment index is synthesized by standardizing the major individual indexes of household sectors, such as current economic judgment, future economic outlook, current lifestyle, lifestyle perspective, household income outlook, and consumption expenditure outlook. If this index exceeds 100, it means that it is judged positively, and if it is less than 100, it means that it is considered negative.
The consumer sentiment index was 99.0 last November, which seemed to recover before Corona 19. However, with the third spread in December, it fell to 91.2, and it improved further with an additional increase in January of this year.
The current life situation and judgment of the current game were 86 and 56, the same as the previous month, respectively. The current life style outlook, household income outlook, and consumption expenditure outlook showed 93, 96, and 102, up 4 points, 3 points, and 3 points from the previous month, respectively. The future economic outlook was 89, the largest increase in the index (8 points).
In detail, the CSI for the employment period was 80, up 6 points from the previous month due to the expectation of resumption of economic activities. Interest rate level outlook CSI was found to be 102, up 3 points from the previous month due to weakening expectations for further declines in interest rates.
Housing price forecast CSI fell 2 points from the previous month despite the increase in the nationwide apartment sale price increase. However, it is still maintaining a high level with 130 in the absolute index. It is analyzed that this is due to the continued purchase sentiment through loans despite rising real estate prices in the metropolitan area.
Both inflation perception and expected inflation rate remained at 1.8%, the same as last month.