Korea: Consumer sentiment stable in July
July 26, 2011
In July, the Consumer Sentiment Index (CSI) published by the Bank of Korea remained unchanged at June's 102. The result marks the third consecutive month that the index stays above the 100-point threshold that separates optimism from pessimism, after plunging into pessimistic territory in March. The reading reflected a slightly more pessimistic assessment both of the current economic conditions and of the current households' financial conditions. That said, households' expectations regarding their income in the short term improved slightly but not enough to boost prospects for major purchases going forward.
Author: Armando Ciccarelli, Head of Data Solutions