Korea: Consumer confidence unchanged for the third month in a row
August 26, 2013
The Consumer Sentiment Index (CSI) published by the Bank of Korea remained unchanged at 105 for the third consecutive month in August. The reading, which rests above the 100-point threshold, indicates that consumers are still more optimistic than pessimistic.
While households were optimistic about their ability to spend money in the next six months, this optimism was offset by more pessimistic views regarding their personal living standards as well as the country's economic conditions in the coming six months.
FocusEconomics Consensus Forecast panellists expect private consumption to expand 2.1% this year, which is down 0.2 percentage points from last month's forecast. For next year, the panel sees private consumption accelerating to 2.9%.