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Consumer Sentiment Sees Sharp Increase in February

Written: 2025-02-20 10:41:12Updated: 2025-02-20 15:14:20

Consumer Sentiment Sees Sharp Increase in February

Photo : YONHAP News

Consumer sentiment in the country improved at the fastest pace in over three years in February but failed to recover to the levels seen before the December 3 martial law decree. 

According to the Bank of Korea on Thursday, the Composite Consumer Sentiment Index(CCSI) stood at 95-point-two in February, up four points from the previous month.
 
It marks the largest gain since June 2021 and indicates growth for the second consecutive month, but it’s still below the benchmark of 100 and lower than the levels seen before December.

A reading below 100 indicates that pessimists outnumber optimists. 

The subindex that measures consumers’ economic outlook, one of the six indices that make up the CCSI, jumped eight points from a month earlier to 73. 

Expected inflation for the year ahead posted two-point-seven percent in February, down one-tenth of a percent from a month ago.

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