Korea: Consumer sentiment improves in February
February 24, 2012
In February, the Consumer Sentiment Index (CSI) published by the Bank of Korea rose to 100 points from 98 points in January, thus returning to the 100-point threshold that separates optimistic from pessimistic territory. In comparison to January, households were less pessimistic about both current domestic economic conditions and their current living standards. Households' expectations regarding their short-term income also improved compared to January, which resulted in increasing prospects for major purchases of goods compared to the previous month. The February rise in consumer confidence implies better prospects for private consumption going forward.