Korea: Consumer confidence inches up in May
May 26, 2015
The Composite Consumer Sentiment Index (CCSI) published by the Bank of Korea (BoK) inched up from 104 points in April to 105 points in May. As a result, the historically-volatile index is now a notch further above the 100-point threshold that separates optimism from pessimism.
According to the BoK, May’s reading mainly reflected an improvement in consumers’ views regarding current domestic conditions and prospective living standards. Consumer sentiment with regard to potential employment opportunities and prospective household spending also edged up in May compared to the previous month.
Author: Carl Kelly, Economist