The Composite Consumer Sentiment Index (CCSI) in South Korea declined to 79.4 in September 2020 from 88.2 in the previous month. It was a steep retreat from the highest reading since February, as coronavirus cases increased after the easing of some social distancing measures. All six sub-indexes decreased, dragged mainly by current domestic economic conditions (-12 points to 42), future household spending (-7 points to 92), future household income (-4 points to 88), and current living standards (-4 points to 80), future living standards (-4 points to 85).

Consumer Confidence in South Korea averaged 100.15 points from 1998 until 2020, reaching an all time high of 121.50 points in October of 2009 and a record low of 67.70 points in December of 2008. This page provides the latest reported value for - South Korea Consumer Confidence - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. South Korea Consumer Confidence - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020. source: The Bank of Korea

Consumer Confidence in South Korea is expected to be 85.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Consumer Confidence in South Korea to stand at 70.00 in 12 months time. In the long-term, the South Korea Consumer Confidence is projected to trend around 99.00 points in 2021, according to our econometric models.

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South Korea Consumer Confidence

Actual Previous Highest Lowest Dates Unit Frequency
79.40 88.20 121.50 67.70 1998 - 2020 points Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-06-25 09:00 PM Jun 81.8 77.6 80
2020-07-28 09:00 PM Jul 84.2 81.8 80
2020-08-24 09:00 PM Aug 88.2 84.2 84
2020-09-24 09:00 PM Sep 79.4 88.2 85
2020-10-27 09:00 PM Oct 79.4
2020-11-23 09:00 PM Nov
2020-12-28 09:00 PM Dec 85


News Stream
South Korea Consumer Confidence Drops Sharply
The Composite Consumer Sentiment Index (CCSI) in South Korea declined to 79.4 in September 2020 from 88.2 in the previous month. It was a steep retreat from the highest reading since February, as coronavirus cases increased after the easing of some social distancing measures. All six sub-indexes decreased, dragged mainly by current domestic economic conditions (-12 points to 42), future household spending (-7 points to 92), future household income (-4 points to 88), and current living standards (-4 points to 80), future living standards (-4 points to 85).
2020-09-24
South Korea Consumer Confidence Improves
The Composite Consumer Sentiment Index (CCSI) in South Korea increased to 88.2 in August 2020 from 84.2 in the previous month. It was the highest reading since February, on the back of government stimulus actions and the easing of some social mobility restrictions. Five of the six sub-indexes increased: current domestic economic conditions (+5 points to 54), future household income (+2 points to 92) and future household spending (+4 points to 99), future domestic economic conditions (+5 to 75), and future living standards (+2 to 89). Only current living standards remained unchanged at 85 points.
2020-08-24
South Korea Consumer Confidence at 5-Month High
The Composite Consumer Sentiment Index (CCSI) in South Korea increased to 84.2 in July 2020 from 81.8 in the previous month. It was the highest reading since February, on the back of government stimulus actions and the easing of some social mobility restrictions. Four of the six sub-indexes increased: current domestic economic conditions (+5 points to 49), current living standards (+1 point to 85), future household income (+2 points to 90) and future household spending (+2 points to 95). Meanwhile, future domestic economic conditions (70) and future living standards (87) remained unchanged.
2020-07-28
South Korea Consumer Confidence Improves for 2nd Month
The Composite Consumer Sentiment Index (CCSI) in South Korea increased to 81.8 in June 2020 from 77.6 in the previous. It was the highest reading since February, on the back of government stimulus actions and the easing of some social mobility restrictions. Five of the six sub-indexes increased: future domestic economic conditions (+3 points to 70), current domestic economic conditions (+8 points to 44), current living standards (+5 points to 84), future living standards (+2 points to 87), future household income (+1 point to 88) and future household spending (+2 points to 93).
2020-06-25

South Korea Consumer Confidence
In South Korea, the Composite Consumer Sentiment Index (CCSI) measures the level of optimism that consumers have about the performance of the economy. The index is based on a survey of around 2200 households. The CCSI is computed as a sum of six variables, including current living standards, prospective household income and prospective spending. A CCSI above 100 indicates an improving outlook and below 100 a deteriorating outlook.