12월 소비자심리 석 달 만에 꺾여
South Korea's consumer sentiment had ticked up over the past two months on thawing Seoul-Beijing relations and easing tensions between the Koreas.
However,... the related index didn't fare so well in December.
It logged its first drop in three months after the central bank hiked the key interest rate.
Kim Hyesung has the details.
Korea's consumer sentiment index fell slightly in December, after hitting a seven-year high the month before.
Data from the Bank of Korea on Wednesday shows the composite consumer sentiment index edged down to 110-point-9 in December, down one-point-four points from November.
The index continued to go up for six straight months between February and July, fell in the summer due to North Korea tensions, then went up again in October and November.
The central bank said the index fell in December mainly as households with debt were pessimistic about their economic conditions after a rate hike in late November.
The Bank of Korea raised its key interest rate for the first time in more than six years, from a record low one-point-two-five percent to one-and-a-half percent,... kicking off a policy-tightening cycle on the back of the country's export-driven economic recovery.
Consumer sentiment regarding current living standards and their future outlook also edged down two points and one point respectively from the previous month, to 94 and 103.
Expectation for the inflation rate over the next twelve months, however, remained unchanged from November, standing at two-and-a-half percent.
Kim Hyesung, Arirang News.
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South Korea's consumer sentiment had ticked up over the past two months on thawing Seoul-Beijing relations and easing tensions between the Koreas.
However,... the related index didn't fare so well in December.
It logged its first drop in three months after the central bank hiked the key interest rate.
Kim Hyesung has the details.
Korea's consumer sentiment index fell slightly in December, after hitting a seven-year high the month before.
Data from the Bank of Korea on Wednesday shows the composite consumer sentiment index edged down to 110-point-9 in December, down one-point-four points from November.
The index continued to go up for six straight months between February and July, fell in the summer due to North Korea tensions, then went up again in October and November.
The central bank said the index fell in December mainly as households with debt were pessimistic about their economic conditions after a rate hike in late November.
The Bank of Korea raised its key interest rate for the first time in more than six years, from a record low one-point-two-five percent to one-and-a-half percent,... kicking off a policy-tightening cycle on the back of the country's export-driven economic recovery.
Consumer sentiment regarding current living standards and their future outlook also edged down two points and one point respectively from the previous month, to 94 and 103.
Expectation for the inflation rate over the next twelve months, however, remained unchanged from November, standing at two-and-a-half percent.
Kim Hyesung, Arirang News.
Arirang News Facebook:
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[Subscribe Arirang Official YouTube]
ARIRANG TV:
ARIRANG RADIO:
ARIRANG NEWS:
ARIRANG K-POP:
ARIRANG ISSUE:
ARIRANG CULTURE:
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[Visit Arirang TV Official Pages]
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