Korea: Consumer sentiment inches down in December
December 24, 2010
In December, the Consumer Survey Index (CSI) published by the Bank of Korea inched down to 109 points from 110 points in November, marking the 20th consecutive month of consumer confidence above the 100-point threshold that separates optimism from pessimism. The current confidence level suggests that private consumption will continue to support economic growth in the coming months. Households' assessment regarding the current situation of the domestic economy deteriorated in comparison to the previous month, while the assessment on the current personal living standards remained unchanged. That said, both expectations about households' living standards in the next six months as well as the six-month ahead outlook on the general economy situation deteriorated over November. Finally, inflation expectations for the following year inched up compared to the previous month.
Author: Armando Ciccarelli, Head of Data Solutions