Korea: Consumer sentiment inches up in October
October 28, 2011
In October, the Consumer Sentiment Index (CSI) published by the Bank of Korea inched up from September's 99 points to 100 points, thus hitting the 100-point threshold that separates optimism from pessimism. Despite marking an improvement compared to the previous month's print, the reading implies that prospects for private consumption going forward remain uncertain. In comparison to September's poll, households were more optimistic regarding both current domestic economic conditions and their current living standards. Households' expectations regarding their short-term income improved less markedly, however, which resulted in prospects for major purchases compared to September's survey remaining unchanged.
Author: Armando Ciccarelli, Head of Data Solutions