[비즈니스포스트] The consumer sentiment index, which comprehensively represents consumers’ thoughts on the economy, turned upward due to expectations of an end to economic tightening in the United States and the improvement in the export economy.
According to the ‘December 2023 Consumer Trend Survey Results’ announced by the Bank of Korea on the 27th, the consumer sentiment index in December was 99.5, up 2.3 points compared to November.
▲ The consumer sentiment index turned upward for the first time in five months. A consumer is looking at prices at a supermarket. <연합뉴스>
The consumer sentiment index successfully rebounded after showing a downward trend for four months starting in August. However, it has been below the standard value of 100 for four months.
The consumer sentiment index is a psychological index calculated using six major indices among the Consumer Trend Index (CSI). If the standard value is greater than 100, consumer sentiment is interpreted as optimistic, and if it is less than 100, it is interpreted as pessimistic.
A rise in the consumer sentiment index means that consumer sentiment regarding the economic situation is improving.
The Bank of Korea explained that the consumer sentiment index has risen due to expectations of an end to the U.S. austerity policy as inflation has slowed and the export economy has improved.
Looking at each item, the current economic judgment index (67) and future economic outlook index (77) each increased by 5 points.
The living situation outlook index (92) rose by 2 points compared to November.
The current living situation index (88) and household income outlook index (99) increased by 1 point each.
The consumer expenditure outlook index showed the same level as in November.
The housing price outlook index (93) fell 9 points as the proportion of consumers who expect house prices to fall in the next year increased. It has risen for 10 consecutive months since November of last year, but then turned to a downward trend in October and has been falling for 3 consecutive months.
The interest rate level outlook index (107) fell 12 points.
The expected inflation rate, which is the future inflation rate expected by consumers, was 3.2%, down 0.2 percentage points from November.
The expected inflation rate showed an upward trend in January of this year and then began to decline from March. It rebounded for the first time in eight months in October, but then turned to a downward trend again.
Price perception, which refers to the consumer price increase rate subjectively felt by consumers over the past year, was also found to be 3.9%, down 0.2 percentage points from November. Reporter Jo Hye-kyung
2023-12-26 23:38:44
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