Korea: Consumer sentiment improves further in April
May 15, 2012
In April, the Consumer Sentiment Index (CSI) published by the Bank of Korea rose to 104 points from 101 points in March, marking the highest level since May 2011. With the monthly improvement, the index moved further above the 100-point threshold that separates optimistic from pessimistic territory. In comparison to March, households were notably less pessimistic about their current and future domestic economic conditions. In addition, households' expectations regarding their short-term income as well as spending plans also improved compared to March. The April rise in consumer confidence implies better prospects for private consumption going forward.