Korea: Consumer confidence stable in September
September 26, 2014
In September, the Composite Consumer Sentiment Index (CCSI) published by the Bank of Korea (BoK) remained stable at August’s 107 points—the highest level since June 2014—and thus the index is still above the 100-point threshold that separates optimism from pessimism.
According to the BoK, September’s flat reading was driven by consumers’ more optimistic assessments regarding their current domestic economic conditions being completely offset by their more pessimistic views on the outlook for the domestic economy. Households’ views on their current living standards improved compared to the previous month, although their views on their prospective living standards did not change.
Author: Cecilia Simkievich, Economist