Korea: Consumer confidence improves in April
April 24, 2015
The Composite Consumer Sentiment Index (CCSI) published by the Bank of Korea (BoK) rose from 101 points in March to 104 points in April. As a result, the historically volatile index is now a notch further above the 100-point threshold that separates optimism from pessimism.
According to the BoK, April’s reading mainly reflected an improvement in consumers’ views regarding current and prospective domestic economic conditions. Consumer sentiment with respect to living standards, prospective income and potential employment also edged up in April compared to the previous month.
Author: Carl Kelly, Economist