Korea Consumer Confidence

Korea

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.

FocusEconomics Consensus Forecast panelists expect private consumption to expand 2.1% in 2014, which is down 0.1 percentage points from last month’s forecast. For 2015, the panel sees private consumption growth accelerating to 2.8%, which is also down 0.1 percentage points from last month’s forecast.


Author:, Economist

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Korea Consumer Confidence September 2014 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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