Consumer Sentiment Index Drops by 1.3 Points Compared to Previous Month
Housing Price Outlook Remains Upbeat Despite 9/7 Measures
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,
, ‘Overall consumer sentiment has turned down after six months due to the prolonged slump in the construction sector and the expanding impact of U.S. tariffs. The outlook for housing prices continued to rise for the second consecutive month despite the 9/7 real estate measures.’,
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, ‘According to the September Consumer Sentiment Survey results released by the Bank of Korea on the 24th, the Consumer Sentiment Index (CCSI) in September was 110.1, down 1.3 points from the previous month.’,
,
, ‘The Consumer Sentiment Index had fluctuated after a sharp drop of 12.5 points last December due to martial law but rose for five consecutive months from April to August before turning downward this month.’,
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, ‘CCSI is calculated using six indices: current living conditions, future living conditions, household income outlook, consumer spending outlook, current economic judgment, and future economic outlook. A score above 100 indicates optimism compared to the long-term average (2003-2024), while below 100 indicates pessimism.’,
,
, ‘Concerns over export slowdown due to the sluggish construction industry and the expanded impact of U.S. tariffs contributed to this decline. Nevertheless, since the index remains above the baseline, the overall situation is considered optimistic.’,
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, ‘”The Consumer Sentiment Index slightly declined due to concerns over export slowdown influenced by the sluggish construction sector and the expanded impact of U.S. tariffs, but considering its high level, the overall situation should still be regarded as optimistic,” emphasized Team Leader Lee.’,
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, ‘Compared to August, among the six indices that comprise the CCSI, the future economic outlook (97, -3 points) saw the largest decline, followed by the current economic judgment (91, -2 points), future living conditions (100, -1 point), and consumer spending outlook (110, -1 point). The current living conditions (96) and household income outlook (102) remained the same.’,
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, ‘On the other hand, the housing price outlook index continued its upward trend for the second consecutive month despite the 9/7 real estate measures. The September Housing Price Outlook Consumer Sentiment Index (CSI) recorded a 1 point increase from the previous month at 112.’,
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, ‘The housing price outlook index indicates the one-year forecast compared to the present. If the index exceeds 100, it means that the proportion of consumers expecting a rise in house prices is greater than those expecting a decline. The index dropped sharply to 109 last July due to the effects of the 6/27 measures, but climbed back up in August (+2 points, 111) and continued to rise for a second consecutive month this month.’,
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, ‘Despite the introduction of the 9/7 real estate measures following the 6/27 measures, the continued rise in apartment prices in some areas of the Seoul metropolitan area has not dampened expectations for rising house prices.’,
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, ‘Hye-young Lee, the head of the economic sentiment survey team at the Bank of Korea, explained, “Since the housing price outlook index is above the long-term average, there are still expectations for a rise.”‘,
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, Taehwa Hong, Reporter