In September, the Consumer Sentiment Index (CSI) published by the Bank of Korea remained stable at August's 99 points, the lowest level seen in seven months. At the current level, the index remains below the 100-point threshold that separates optimistic from pessimistic territory for the second consecutive month. Compared to August, households were more pessimistic about their current domestic economic conditions, whereas their future views improved. In addition, prospective changes in household income remained stable, while households' expectations about their short-term spending plans deteriorated slightly.
Korea Consumer Confidence
Consumer sentiment remains in pessimistic territory
September 25, 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.