Gwangju-Jeonnam Consumption Sentiment Shrinks Amid COVID-19 Spread

[Asia Economy Honam Reporting Headquarters Reporter Park Jin-hyung] Consumer sentiment in the Gwangju and Jeonnam regions appeared to have somewhat contracted.

According to the Bank of Korea on the 28th, the consumer sentiment index for December was 101.3, down 1.6 points from the previous month.

Nationwide, it decreased by 3.7 points to 103.9, so compared to this, the decline was relatively smaller.

As expectations for economic recovery diminished, the current economic conditions index was 79 and the future economic outlook was 91, falling 5 points and 4 points respectively from the previous month.

The employment opportunity outlook recorded 90, down 4 points.

Due to expectations of additional interest rate hikes early next year and inflation concerns, the interest rate level outlook was high at 131.

The inflation level outlook was 141, housing price outlook was 111, and wage level outlook was 116, each down 1 point, 6 points, and 3 points respectively.

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