Consumer Sentiment Drops in Oct. on Stock Market Correction, Mideast Tensions
6 Articles
6 Articles
(Seoul = Yonhap News) Reporter Lee Do-heun = Consumer sentiment worsened in October for the first time in a month as pessimistic economic outlooks grew due to the domestic stock market correction and the continued conflict in the Middle East...
The Consumer Confidence Index has returned to a downward trend just one month after rebounding. This is due to the instability of the stock market and the continued confrontation between the U.S. and Iran. According to the ‘Consumer Sentiment Survey Results’ released by the Bank of Korea on the 27th, the Consumer Confidence Index (CCSI) for October stood at 105.4, down 1.2 points from the previous month.
Consumer sentiment, dragged down by falling stock prices, reverses course and declines after just one month. Bank of Korea October Consumer Sentiment Survey: Expected inflation rate remains at 2.7% for the fourth consecutive month. Consumer sentiment, which had shown some signs of recovery, fell back down after just one month due to the sharp decline in the Korean stock market. According to the Bank of Korea's consumer sentiment survey released …
Consumer Sentiment Plummets as Stock Prices Fall… but Expectations for Rising Housing Prices Remain.
Consumer sentiment declined for the first time in a month due to the sharp drop in the domestic stock market and the prolonged conflict in the Middle East. In particular, outlook indices for the future economy and household finances fell across the board. Expectations for rising housing prices dampened slightly but remained significantly above the long-term average. On the 26th, as the KOSPI fell 1.45% to its lowest level in about seven months, …
The Consumer Confidence Index (CCSI) fell again after just one month.
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