In February, the Consumer Sentiment Index (CSI) published by the Bank of Korea fell to 105 points from 108 points in January, marking a third consecutive monthly drop in the index and dragging consumer sentiment to its lowest level since May 2009. 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. Respondents to the survey reported a negative assessment regarding their current personal financial situation. In addition, households have a pessimistic outlook regarding their income in the short term, leading to deteriorating prospects for major purchases going forward.
Korea Consumer Confidence
Consumer sentiment drops in February
February 24, 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.