In February, the Consumer Sentiment Index (CSI) published by the Bank of Korea rose to 100 points from 98 points in January, thus returning to the 100-point threshold that separates optimistic from pessimistic territory. In comparison to January, households were less pessimistic about both current domestic economic conditions and their current living standards. Households' expectations regarding their short-term income also improved compared to January, which resulted in increasing prospects for major purchases of goods compared to the previous month. The February rise in consumer confidence implies better prospects for private consumption going forward.
Korea Consumer Confidence
Consumer sentiment improves in February
February 24, 2012
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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.