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South Korea'S Consumer Confidence Index Fell To Its 33 Month Low In The Fourth Quarter Of This Year.

2011/11/16 16:44:00 5

According to South Korean media reported on November 15th, South Korea's Samsung Economic Research Institute 14 released the fourth quarter of this year, the South Korean consumer confidence index was 45.4 points, since the first quarter of 2009.

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And four consecutive quarters below the benchmark value (50 points).


"Consumer confidence index" is an indicator of consumer confidence. If the index exceeds 50, it indicates that consumers are optimistic about the economy, but less than 50.


In addition, the Korean price expectation index (75.6) far exceeded the benchmark value, indicating that Korea.

consumption

Worries about prices are increasing, while the employment sentiment index (48.5) is also inconsistent with the report on the sharp rise in the employment rate recently announced by the South Korean government, which has not been achieved for three consecutive quarters.

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According to the analysis of Samsung's Economic Research Institute, the trend of consumer psychology atrophy will continue for a period of time, due to the uncertainty of domestic and international economic trends, financial market turbulence and price and employment instability.

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