Stock market analytics, financial forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

South Korea’s Consumer Sentiment Index Fell for Four Months in a Row


March, 27 2018
watermark Economic news

The consumer sentiment index of South Korea in March had a dip for four consecutive months towards its lowest in five months, as shown in the central bank survey on Tuesday while households believe that the current economic picture became even worse.


The composite consumer sentiment index (CCSI) by the Bank of Korea was decreased from 108.2 in February to 108.1 for this month. The index showed its weakest stance since October at a rate of 108.9. However, the forecast for today is higher than 100 and this means that many see an optimistic economic outlook for the next several months than the pessimists. The prospect of sub-indices households presents that South will experience Korea an economic downturn to 87 index points versus 89 in the previous month. On the other hand, the future outlook of sub-index declined by 1 point against 98 in February, according to BOK’s survey.


Moreover, the poll respondents were less pessimistic regarding job hunting, but the sub-index remained at 97 which is lower than the 100 index points. The survey further indicates that the median expectation for inflation rate next year will be 2.6 percent in March with a sustained growth in January.


Feedback

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.