In anticipation of rising prices and wages… January consumer sentiment index rise

▲ The Consumer Sentiment Index (CCSI) released by the Bank of Korea on the 27th recorded 95.4 in January, up 4.2p from the previous month. ⒸBank of Korea

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The Consumer Sentiment Index (CCSI) released by the Bank of Korea on the 27th recorded 95.4 in January, up 4.2p from the previous month.

In the aftermath of Corona 19, rising sentiment for real estate was small due to the successive real estate and loan regulations, but the outlook for household income and consumption expenditure was all higher than that of the previous report.

CCSI is a sentiment indicator calculated using six major indices among the indices that make up the consumer trend index. It is set as a reference value of 100. If it is greater than 100, it means that it is optimistic than the long-term average, and if it is less than 100, it is pessimistic.

By field, the current CSI for living conditions (86) maintained the level of the previous month, while the CSI for Living Prospects (93) increased 4p from the previous month. In addition, the household income forecast CSI (96) and the consumption expenditure forecast CSI (102) rose 3p MoM, respectively.

The current economic judgment CSI (56) remained at the level of the previous month, while the future economic outlook CSI (89) rose 8p MoM, showing expectations.

In addition, the employment period CSI (80) and the interest rate forecast CSI (102) rose 6p and 3p, respectively, from the previous month.

The current household savings CSI (92) and the household savings outlook CSI (94) rose 3p and 1p, respectively, from the previous month, and the current household debt CSI (103) remained at the previous month’s level, while the household debt outlook CSI (100) fell 1p from the previous month. It was counted.

Inflation level outlook CSI (142) rose 3p MoM, while housing price outlook CSI (130) fell 2p MoM. In addition, the wage level forecast CSI (112) rose 3p MoM.