In August, the Consumer Sentiment Index (CSI) published by the Bank of Korea plunged to 99 points, down from the 102 points recorded in July. With the August result, the index fell below the 100-point threshold that separates optimism from pessimism for a second time this year, after briefly dropping into pessimistic territory in March. Respondents to the survey are increasingly concerned regarding current economic conditions and are more pessimistic regarding economic conditions going forward. Moreover, households' expectations regarding their income in the short term deteriorated, dampening prospects for major purchases going forward.
Korea Consumer Confidence
Consumer sentiment plunges in August
August 23, 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.