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.
Author: Ricardo Aceves, Senior Economist