Korea: Consumer confidence recovers in February but remains downbeat
The Bank of Korea’s composite consumer sentiment index rose to 99.5 points in February from 97.5 points in January. Despite the increase, the index remained below the 100-point threshold that separates pessimism from optimism among households.
The improvement in consumer confidence in February was broad-based in the sense that current and future living standards, and current and future domestic economic conditions were all viewed more positively by consumers. Views on prospective household income and spending, meanwhile, were unchanged from January.