In June, the Consumer Sentiment Index (CSI) published by the Bank of Korea fell to 102 points from 104 points in May. The result ends the improvement seen in the last two months, after the index had plunged in March to its lowest level in almost two years. With the June drop, consumer confidence edged closer to the 100-point threshold that separates optimism from pessimism, suggesting a moderation of private consumption in the coming months. June's deterioration was led by more pessimistic expectations on the general economic situation in the next 12 months, with the relative sub-index dropping by 5 points. In addition, households' outlook regarding their income in the short term also deteriorated, leading to more subdued prospects for major purchases going forward.
Korea Consumer Confidence
Consumer sentiment drops in June
June 27, 2011
Looking for forecasts related to Consumer Confidence in Korea? Download a sample report now.
Korea Economic News
October 13, 2016
At its 13 October monetary policy meeting, the Bank of Korea (BoK) announced that it will hold the base rate constant at a record low of 1.25%, which was largely in line with market expectations.
October 5, 2016
In September, consumer prices rose 0.6% over the previous month, which contrasted the 0.1% decrease in August and overshot the 0.2% increase the markets had expected.
October 3, 2016
Korea’s Customs Services reported that exports totaled USD 40.9 billion in September, which represented a 5.9% contraction over the USD 43.4 billion recorded in the same month last year.
September 30, 2016
The forward-looking business confidence indicator (BSI) for the manufacturing sector produced by the Bank of Korea (BoK) rose from 74 points in September to 75 points in October.
September 30, 2016
In August, industrial production accelerated and expanded 2.3% year-on-year, which was up from both the 1.6% increase registered in July and the 1.6% rise the markets had expected.