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.
Author: Carl Kelly, Economist