In January, the Consumer Sentiment Index (CSI) published by the Bank of Korea inched down to 108 points from 109 points in December, marking the second consecutive monthly drop in sentiment. That said, consumer confidence remains above the 100-point threshold that separates optimism from pessimism, suggesting that private consumption will continue to support economic growth in the coming months. While households are less upbeat about their current personal financial situation, respondents to the survey believe that their income will increase in the following six months, leading to improving prospects for major purchases going forward.
Korea Consumer Confidence
Consumer sentiment inches down in January
January 26, 2011
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Korea Economic News
October 25, 2016
The Korean economy slowed down in the third quarter of this year, expanding at the weakest pace in over a year.
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.