In November, the Consumer Sentiment Index (CSI) published by the Bank of Korea inched up to 99 points from 98 points in October, which had marked a nine-month low. Despite the improvement, the index remains below the 100-point threshold that separates optimistic from pessimistic territory for a third consecutive month. Compared to October, households were less pessimistic about their prospects regarding domestic economic conditions and spending decisions, as the economy shows signs of improvement. Meanwhile, the assessment of prospective changes in household income remained stable.
Korea Consumer Confidence
Consumer sentiment rebounds in November
November 26, 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
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.
September 30, 2016
Activity in Korea’s manufacturing sector deteriorated significantly in Q3.