South Korea - Consumer Confidence

South Korea: Consumer Confidence

Mnemonic CIC.IKOR
Unit Index, NSA
Adjustments Not Seasonally Adjusted
Monthly 2.84 %
Data Nov 2017 112.3
Oct 2017 109.2

Series Information

Source The Bank of Korea
Release Consumer Survey Index
Frequency Monthly
Start Date 7/31/2003
End Date 11/30/2017

South Korea: Consumer

Reference Last Previous Units Frequency
Real Retail Sales 2021 Q1 41,789 40,876 Bil. Ch. 2015 KRW, SA Quarterly
Retail Sales Dec 2017 123.7 128.9 Index 2010=100, SA Monthly
Consumer Confidence Nov 2017 112.3 109.2 Index, NSA Monthly

Release Information

The monthly Consumer Survey conducted by the Bank of Korea assesses near-term consumer sentiment in South Korea. Data Buffet carries the Composite Consumer Sentiment Index (CCSI) and select subindexes from 1995, and demographic detail from 2008.

A reading above (below) 100 for any individual index signifies that households that answered positively (negatively) outweighed the opposite, i.e., the "central value" is 100. A CSI of 100 is relative to the standardization period of January 2003 to December 2015. Each CSI is computed as a weighted average of the five possible survey responses (positive, neutral, negative).

The Consumer Survey polls approximately 2,000 households in 56 cities, by mail and telephone.

There are 17 survey items in five groups. For economic situation, household spending, and savings and debt of households, "current" is relative to six months earlier, and "prospective" is six months hence. For prices, the interval is one year past and hence.

Concurrent with dissemination of results for January 2016, the CCSI was revised back to June 2015, with this explanation: "The previously published CCSI time series have been revised by extension of the standardization interval (from 2003~2014 to 2003~2015)."

Further reading

Each monthly press release contains a full methodology. Note: Because the metadata pages as the Bank of Korea lack direct URLs, we have provided breadcrumbs instead.