Korea Consumer Confidence


Korea: Consumer sentiment stabilizes in February

February 27, 2013

In February, the Consumer Sentiment Index (CSI) published by the Bank of Korea remained stable at January's 102 points. At the current level, the index remains above the 100-point threshold that separates optimistic from pessimistic territory, suggesting improving prospects for consumer spending in coming months.

Compared to January, households were more optimistic in evaluating the current situation and the domestic economic conditions. That said, prospects for consumer spending and household income deteriorated slightly compared to the previous month.

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%.


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Korea Consumer Confidence Chart

Korea Consumer Confidence February 2013

Note: Composite Consumer Sentiment Index (CCSI). An index value above 100 indicates an optimistic outlook while a value below 100 indicates a pessimistic outlook.
Source: Bank of Korea (BoK).

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