Korea: Consumer sentiment edges down in April
April 26, 2013
In April, the Consumer Sentiment Index (CSI) published by the Bank of Korea dropped by 2 points to 102 points, back to the level it held in February. The index remains, however, above the 100-point threshold that separates optimistic from pessimistic territory, suggesting improving prospects for consumer spending in the coming months.
Compared to March, households were less optimistic in evaluating the outlook for the next six months, with all the prospective sub-indices worsening relative to the previous month. On a positive note, households were slightly more optimistic regarding the current status of the domestic economy.
FocusEconomics Consensus Forecast panellists expect private consumption to expand 2.4% this year, which is unchanged from last month's forecast. For next year, the panel sees private consumption accelerating to 2.9%.