Korea Consumer Confidence


Korea: Consumer confidence inches up in January

January 27, 2015

The Composite Consumer Sentiment Index (CCSI) published by the Bank of Korea (BoK) inched up from 101 points in December to 102 points in January. December’s reading had marked the lowest level since February 2013. 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, January’s reading mainly reflected consumers’ more positive assessment of prospective domestic economic conditions. Consumers’ sentiment regarding potential employment opportunities was a notch higher in January compared to the previous month. Consumers’ views regarding potential household income and spending increased only marginally.

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 January 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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