Korea Consumer Confidence

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Korea: Consumer confidence drops in March

March 26, 2015

The Composite Consumer Sentiment Index (CCSI) published by the Bank of Korea (BoK) edged down from 103 points in February to 101 points in March. As a result, the historically volatile index is barely above the 100-point threshold that separates optimism from pessimism.

According to the BoK, March’s reading mainly reflected a weakening in consumers’ views regarding prospective income and spending. This offset minor gains in consumers’ sentiment regarding current and future domestic economic conditions. Consumers’ outlook regarding potential employment opportunities was unchanged in March compared to the previous month.

FocusEconomics Consensus Forecast panelists expect private consumption to expand 2.7% in 2015, which is down 0.1 percentage points from last month’s forecast. For 2016, the panel sees private consumption accelerating to 2.8%.


Author:, Economist

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Korea Consumer Confidence March 2015

Note: Composite Consumer Sentiment Index (CCSI). An index value above 100 indicates that optimistic respondents outnumber pessimistic respondents.
Source: Bank of Korea (BoK).


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