Korea Consumer Confidence


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.

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 Chart

Korea Consumer Confidence April 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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