Friday, February 24, 2017

Four months after a slight rebound in consumer confidence



[Korea Jeongseon financial newspaper reporters - the lowest level since the global financial crisis, the consumer sentiment index which was down a slight rebound in just four months until.

According to the Bank of Korea 'February 2017 consumer survey results, it released 24 days in February Consumer Sentiment Index (CCSI) rose 1.1 points from the transmission (93.3) to 94.4.

The consumer sentiment index rose more than it delivered only four months since October last year (102.0).

Consumer sentiment index in June last year, 10 000 seotji up from 98.8 in July to 101.0 over the baseline of 100, fell three consecutive months since dropped to under 100 in November (95.7).

In particular, in January it totaled index to its lowest level since March 2009 (75.0), right after the global financial crisis.

The psychology of the consumer exceeds a reference value of 100 CCSI (2003-2016 long-term average), meaning that they are more optimistic about the long-term average. The survey of 2,200 households conducted by dwaetgo cities across the country in the last 10-17 days double the 2039 replied furniture.

Deda but less than 100 below the overall index is still poor levels were analyzed.

February current economic judgment CSI climbed four points from January 51 to 55. Other economic CSI was 3 points higher than in passing 70. CSI also passed the current living conditions than the right one 88 points, prospect CSI living conditions were also counted as 2 points, up more than 93 passes.

But consumer spending is expected CSI seemed to January 104, in the case of household income fell 1 point expected CSI than January 97.

CSI interest rate outlook fell more than 3 points to 123 passes.

Inflation expectations for one year represents the expected inflation rate fell 0.1 percentage points compared to 2.7% in January.

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