Korea: Consumer sentiment rebounds in January
January 28, 2013
In January, the Consumer Sentiment Index (CSI) published by the Bank of Korea rose to 102 points from 99 points in December, marking an eight-month high. With the improvement, the index moved above the 100-point threshold that separates optimistic from pessimistic territory, suggesting improving prospects for consumer spending in coming months.
Compared to December, households were more optimistic in evaluating the current situation and the future prospects for their living standards. Despite the improvement, prospects for consumer spending deteriorated compared to the previous month.