The Consumer Confidence Index reflects individuals' expectations concerning the economic activity. It is calculated based on a monthly survey of households, which includes consumers' opinion on the following: general economic situation in South Korea, respondents' own financial condition, as well as their saving and spending intentions. The survey participants give an estimate of trends over the past twelve months and a forecast for the next twelve months. The short-term outlook of the South Korean economy is measured based on the Consumer Confidence Index.
