In April, the Consumer Sentiment Index (CSI) published by the Bank of Korea rose to 104 points from 101 points in March, marking the highest level since May 2011. With the monthly improvement, the index moved further above the 100-point threshold that separates optimistic from pessimistic territory. In comparison to March, households were notably less pessimistic about their current and future domestic economic conditions. In addition, households' expectations regarding their short-term income as well as spending plans also improved compared to March. The April rise in consumer confidence implies better prospects for private consumption going forward.
Korea Consumer Confidence
Consumer sentiment improves further in April
May 15, 2012
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Korea Consumer Confidence Chart
Note: Composite Consumer Sentiment Index (CCSI). An index value above 100 indicates an optimistic outlook while a value below 100 indicates a pessimistic outlook.
Source: Bank of Korea (BoK).
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.