Korea Consumer Confidence


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.

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 May 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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