Korea: Consumer sentiment inches down in January
January 26, 2011
In January, the Consumer Sentiment Index (CSI) published by the Bank of Korea inched down to 108 points from 109 points in December, marking the second consecutive monthly drop in sentiment. That said, consumer confidence remains above the 100-point threshold that separates optimism from pessimism, suggesting that private consumption will continue to support economic growth in the coming months. While households are less upbeat about their current personal financial situation, respondents to the survey believe that their income will increase in the following six months, leading to improving prospects for major purchases going forward.
Author: Armando Ciccarelli, Head of Data Solutions