In December, the Consumer Survey Index (CSI) published by the Bank of Korea inched down to 109 points from 110 points in November, marking the 20th consecutive month of consumer confidence above the 100-point threshold that separates optimism from pessimism. The current confidence level suggests that private consumption will continue to support economic growth in the coming months. Households' assessment regarding the current situation of the domestic economy deteriorated in comparison to the previous month, while the assessment on the current personal living standards remained unchanged. That said, both expectations about households' living standards in the next six months as well as the six-month ahead outlook on the general economy situation deteriorated over November. Finally, inflation expectations for the following year inched up compared to the previous month.
Korea Consumer Confidence
Consumer sentiment inches down in December
December 24, 2010
Looking for forecasts related to Consumer Confidence in Korea? Download a sample report now.
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.