Korea: Consumer sentiment hits nine-month low
October 26, 2012
In October, the Consumer Sentiment Index (CSI) published by the Bank of Korea inched down to 98 points from 99 points in September, which represents the lowest seen in nine months. As a result, the index dipped further below the 100-point threshold that separates optimistic from pessimistic territory, where it remains for a second consecutive month. Compared to September, households were more pessimistic about the prospects regarding domestic economic conditions and spending decisions. Meanwhile, the current assessment of their living standards as well as prospective changes in household income remained stable.