Korea: Consumer confidence improves in July
July 27, 2016
Confidence among Korean consumers improved in July as their optimism regarding their future economic situations increased. The Composite Consumer Sentiment Index (CCSI) published by the Bank of Korea (BoK) rose to a three-month high of 101 points in July from 98 points in June, remaining above the 100-point threshold which separates optimists from pessimists.
According to the Central Bank, a survey of 2,200 households between July 13 and 20 showed that consumers were more optimistic about their future living standards than in June. Households’ assessment of their own financial prospects also improved, as did sentiment regarding current and future domestic conditions.
Author: Luis Lopez Vivas, Economist