The consumer sentiment index fell for three메이저사이트 consecutive months due to concerns about price instability due to geopolitical risks, sluggish domestic demand due to high inflation, and the prolonged austerity policy.
In particular, rising housing prices, which had risen for 10 consecutive months until last month, took advantage of the recovery in the real estate economy. According to the results of the ‘
October Consumer Trend Survey’ announced by the Bank of Korea on the 25th, the Consumer Sentiment Index ( CCSI ) in October was 98.1, down 1.6 points from August (99.7). After falling 0.1p from the previous month in August (103.1), it has been falling for three consecutive months. CCSI is an index calculated using six indices out of the 15 indices that make up the Consumer Trend Index (CSI): current living situation, living situation outlook, household income outlook, consumption expenditure outlook, current economic judgment, and future economic outlook . If it is higher than 100, it means that consumer sentiment is optimistic compared to the long-term average (2003-2022), and if it is below 100, it means that it is pessimistic. Compared to September, current living situation (88·-1p), living situation outlook (90·-2p), household income forecast (98·-1p), current economic judgment (64·-2p), future economic outlook (70·-2p) The five indices that make up the CCSI , including -4p) , fell. Only the consumer spending forecast (113) rose by 1 point. Price level outlook CSI (151) rose 4 points from the previous month as perceived prices continued to remain high due to a narrowing of the decline in petroleum prices due to the rise in international oil prices, rise in prices of agricultural products, and increase in public utility charges. The interest rate level forecast CSI (128), which predicts interest rates six months from now, rose 10 points due to the prolonged high inflation and high interest rate policies and continued high market interest rates. The high interest rate trend, which is expected to continue ‘higher for longer ‘ , is also dampening housing price sentiment. The housing price outlook CSI , which shows the sentiment of rising housing prices in one year, was 108, down 2 points from the previous month. It’s been 11 months. The Bank of Korea explained, “National housing sales prices are continuing to rise, but the increase in loan interest rates due to the rise in market interest rates, including housing mortgage loans, has had an impact.” In particular, apartment sales appear to be showing signs of slowing recovery in the third quarter, with the number of listings increasing and transaction volume slowing down. In fact, according to real estate information company Asil, the number of apartments for sale in Seoul is increasing significantly, reaching nearly 76,000 units. The volume of apartment transactions in Seoul still remains below 4,000 per month. The interest rate level forecast CSI (128), which predicts interest rates six months from now, rose 10 points due to the prolonged high inflation and high interest rate policies and continued high market interest rates. The expected inflation rate, which is an estimate of the consumer price increase rate for the next year, was 3.4%, up 0.1 percentage points from the previous month.