Korea Consumer Confidence


Korea: Consumer confidence in October reaches highest point in five months

October 27, 2015

The Composite Consumer Sentiment Index (CCSI) published by the Bank of Korea (BoK) increased from 103 points in September to 105 points in October. 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 October reached the highest point in five months.

According to the BoK, October’s reading was mainly driven by a big jump in consumers’ perspective of current domestic economic conditions. Consumers were also more upbeat about prospective domestic economic conditions. In contrast, consumers were slightly more pessimistic about employment opportunities.

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 Chart

Korea Consumer Confidence October 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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