Korea Consumer Confidence

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Korea: Consumer confidence improves again in September

September 25, 2015

The Composite Consumer Sentiment Index (CCSI) published by the Bank of Korea (BoK) inched up from 102 points in August to 103 point in September. The modest increase puts the historically-volatile index a notch further above the 100-point threshold that separates optimism from pessimism. Consumer confidence has recovered after hitting a multi-year low in June.

According to the BoK, September’s reading was mainly driven by an improvement in consumers’ outlook on employment opportunities and their perspectives of current domestic economic conditions. Consumers were only marginally more upbeat on prospective domestic economic conditions.

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 September 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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