GWANGJU < invest Korea

According to a study on consumer sentiment in Gwangju and South Jeolla in June by Gwangju branch of the Bank of Korea Monday, CSI in the regions reached 100 for four consecutive months since April.

When CSI is higher than 100, it means that consumers expect the economy will improve from an average of between 2003 and 2012. When it is lower than 100, it shows consumers forecast the economy will worsen.

CSI for Gwangju and South Jeolla Province consumers’ current living conditions stood at 90, a one point decrease from last month. However, CSI for living condition forecast rose by 1 point from June to reach 95.

CSI for household income and consumer spending remained at 95 and 107, respectively.

CSI for current economy dropped by two points from last month at 79, and CSI for economic forecast stood at 90, showing a 2 point decrease. CSI for employment forecast also fell by 4 points from last month to reach 90.

CSI for interest rate forecast reached 96, a 9 point increase from June. It showed that consumers expect interest rates will rise after six months due to a possibility of the United States’ reduced quantitative easing.

CSI for current household savings in Gwangju and South Jeolla Province increased by 2 points from last month to reach 87, and CSI for household saving forecast rose to 90 by 1 point.

CSI for price level forecast moved 1 point up from last month to reach 134, and CSI for housing price forecast dropped by 4 points from June to reach 100.

Source Text

Source:Yonhap News (July 29, 2013)

** This article was translated from the Korean.