Korea: Consumer sentiment remains in pessimistic territory
September 25, 2012
In September, the Consumer Sentiment Index (CSI) published by the Bank of Korea remained stable at August's 99 points, the lowest level seen in seven months. At the current level, the index remains below the 100-point threshold that separates optimistic from pessimistic territory for the second consecutive month. Compared to August, households were more pessimistic about their current domestic economic conditions, whereas their future views improved. In addition, prospective changes in household income remained stable, while households' expectations about their short-term spending plans deteriorated slightly.