Korea Consumer Confidence June 2016

Korea

Korea: Consumer confidence remains low, but steady in June

June 28, 2016

The Composite Consumer Sentiment Index (CCSI) published by the Bank of Korea (BoK) remained stable at last month’s 99 points in June. The typically-volatile index is still below the 100-point threshold, which separates pessimists from optimists.

According to the Central Bank, 2,200 households were surveyed between 14 and 21 June and the sub-100 result for June reflected that consumers continue to be pessimistic regarding their current and future living standards. Moreover, households’ assessment regarding their own financial prospects were unchanged compared to May. Finally, sentiment regarding current and future domestic conditions deteriorated over the previous month.

FocusEconomics Consensus Forecast panelists expect private consumption to expand 2.2% in 2016, which is unchanged from last month’s forecast. For 2017, the panel sees private consumption growth accelerating to 2.4%.


Author:, Senior Economist

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Korea Consumer Confidence June 2016 0

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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