Korea Consumer Confidence

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Korea: Consumer confidence in November reaches highest point in over a year

November 26, 2015

The Composite Consumer Sentiment Index (CCSI) published by the Bank of Korea (BoK) inched up from 105 points in October to 106 points in November. The improvement puts the historically-volatile index further above the 100-point threshold that separates optimism from pessimism. Consumer confidence has recovered steadily after hitting a multi-year low in June, and in November reached the highest point since September of last year.

According to the BoK, November’s reading was mainly driven by an improvement in consumers’ outlook on prospective income and spending. In contrast, consumers’ views of current economic conditions were slightly weaker.

FocusEconomics Consensus Forecast panelists expect private consumption to expand 1.9% in 2015, which is unchanged from last month’s forecast. For 2016, the panel sees private consumption growth accelerating to 2.3%, which is also unchanged from last month’s estimate.


Author:, Economist

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Korea Consumer Confidence November 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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