Korea: Consumer confidence inches up again in February
February 25, 2015
The Composite Consumer Sentiment Index (CCSI) published by the Bank of Korea (BoK) inched up from 102 points in January to 103 points in February. Even though the volatile index is still above the 100-point threshold that separates optimism from pessimism, it remains below its 12-month average.
According to the BoK, February’s reading mainly reflected consumers’ more positive assessments of both current and prospective domestic economic conditions. Consumers’ sentiment regarding potential employment opportunities was also higher in February compared to the previous month. Consumers’ views regarding potential household income and spending increased less.
Author: Carl Kelly, Economist