Korea: Consumer sentiment rebounds in November
November 26, 2012
In November, the Consumer Sentiment Index (CSI) published by the Bank of Korea inched up to 99 points from 98 points in October, which had marked a nine-month low. Despite the improvement, the index remains below the 100-point threshold that separates optimistic from pessimistic territory for a third consecutive month. Compared to October, households were less pessimistic about their prospects regarding domestic economic conditions and spending decisions, as the economy shows signs of improvement. Meanwhile, the assessment of prospective changes in household income remained stable.