South Korean Consumer Sentiment Reaches 112.1 in February
The composite consumer sentiment index (CCSI) — a broad gauge of how households perceive overall economic conditions — climbed 1.3 points from January to reach 112.1 in February, following a 1-point gain the prior month, the Bank of Korea (BOK) reported.
Driving the back-to-back improvement were two key tailwinds: accelerating chip-led export growth and sustained upward momentum in South Korean equities, both of which appear to be lifting household confidence beyond near-term domestic concerns.
Underlying sub-indices echoed the optimistic tone. The gauge tracking consumers' assessment of the current economic situation jumped 5 points to 95 in February, while the forward-looking economic outlook index advanced 4 points to 102 — crossing above the neutral threshold and signaling that more households now expect conditions to improve than deteriorate.
On the inflation front, expectations remained steady. Consumers projected headline inflation over the next 12 months at 2.6 percent in February, unchanged from the previous month — suggesting price pressures are viewed as contained for now despite the broader economic uptick.
The findings are drawn from a survey of 2,262 households conducted by the BOK between February 4 and 11.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
