South Korea September Consumer Sentiment Slips To 5-Mth Low
Oct 1, 2013
SEOUL – South Korea’s key measure of consumer confidence slipped to a five-month low in September although South Koreans still remained optimistic over their future living conditions, a central bank survey showed on Thursday.
The composite consumer index (CCSI) inched down to 102 in September, the Bank of Korea said, compared to the reading of 105 posted in June through August. It was the lowest level seen since the index stood at 102 in April this year.
A reading above 100 indicates consumers feel more optimistic in the coming month than the long-term average sentiment accrued from 2003 to 2012.
The central bank’s index has stayed above 100 all this year, after last falling below the neutral line to 99 in December 2012.
Credit: The Business Times