Gwangju Jeonnam Consumer Sentiment Rises for Third Consecutive Month... Expectations for Daily Life Recovery

[Asia Economy Honam Reporting Headquarters Reporter Park Jin-hyung] The consumer sentiment index in the Gwangju-Jeonnam region rose by 4.5 points to 104.4 in October compared to the previous month.

The Gwangju-Jeonnam Regional Headquarters of the Bank of Korea announced the results of the consumer trend survey on the 27th.

According to this data, the consumer sentiment index continued to rise with 99.6 in August and 99.9 in September, surpassing the baseline value of 100 last month.

A value above 100 indicates optimism compared to the long-term average (2003?2020), while a value below 100 indicates pessimism. After recording 101.3 in May, it has recovered to triple digits again after five months.

Amid the ongoing fourth wave of COVID-19, the acceleration of the 'gradual return to daily life' is believed to have significantly influenced expectations for economic recovery.

The Current Living Conditions (91) and Living Conditions Outlook CSI (97) rose by 3 points and 1 point, respectively.

The Household Income Outlook CSI (101) increased by 3 points, and the Consumption Expenditure Outlook CSI (108) rose by 4 points.

The Current Economic Situation Judgment CSI (83), which reflects perceptions of the economic situation, increased by 6 points, and the Future Economic Outlook CSI (97) also rose by 4 points.

This survey was conducted from the 13th to the 21st among 600 urban households in Gwangju and Jeonnam, with 528 households responding.

This content was produced with the assistance of AI translation services.