The Composite Consumer Sentiment Index (CCSI) in South Korea increased to 77.6 in May 2020 from an over eleven-year low of 70.8 in the previous month, amid the coronavirus crisis. Five of the six sub-indexes increased: future domestic economic conditions (+8 points to 67), current domestic economic conditions (+5 points to 36), current living standards (+2 points to 79), future living standards (+6 points to 85), future household income (+ 4 points to 87) and future household spending (+4 points to 91).

Consumer Confidence in South Korea averaged 100.41 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 June of 2020. source: The Bank of Korea

Consumer Confidence in South Korea is expected to be 80.00 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
77.60 70.80 121.50 67.70 1998 - 2020 points Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-02-24 09:00 PM Feb 96.9 104.2 102
2020-03-26 09:00 PM Mar 78.4 96.9 64.8 64.5
2020-04-27 09:00 PM Apr 70.8 78.4 59
2020-05-25 09:00 PM May 77.6 70.8 65
2020-06-25 09:00 PM Jun 77.6 80
2020-07-28 09:00 PM Jul
2020-08-24 09:00 PM Aug
2020-09-24 09:00 PM Sep 85


News Stream
South Korea Consumer Confidence Improves
The Composite Consumer Sentiment Index (CCSI) in South Korea increased to 77.6 in May 2020 from an over eleven-year low of 70.8 in the previous month, amid the coronavirus crisis. Five of the six sub-indexes increased: future domestic economic conditions (+8 points to 67), current domestic economic conditions (+5 points to 36), current living standards (+2 points to 79), future living standards (+6 points to 85), future household income (+ 4 points to 87) and future household spending (+4 points to 91).
2020-05-25
South Korea Consumer Sentiment Falls to Over 11-Year Low
The Composite Consumer Sentiment Index (CCSI) in South Korea plunged to 70.8 in April 2020 from 78.4 in the previous month. It was the lowest reading since December 2008, amid the coronavirus crisis. All six sub-indexes deteriorated: future domestic economic conditions (-3 points to 59), current domestic economic conditions (-7 points to 31), current living standards (-6 points to 77), future living standards (-4 points to 79), and future household spending (-6 points to 87).
2020-04-27
South Korea Consumer Confidence at 11-Year Low
The Composite Consumer Sentiment Index (CCSI) in South Korea plunged to an 11-year low of 78.4 in March 2020 from 96.9 in the previous month, falling sharply for the second month as coronavirus fears took a heavy toll. The sharp drop was explained by a deterioration of all six sub-indexes: future domestic economic conditions (-14 points to 62), current domestic economic conditions (-28 points to 38), current living standards (-8 points to 83), future household income (-10 to 87), future living standards (-10 to 83), and future household spending (-13 points to 93).
2020-03-26
South Korea Consumer Confidence Tumbles
The Composite Consumer Sentiment Index (CCSI) in South Korea declined sharply to 96.9 in February 2020 from a104.2 in the previous month, retreating from the highest reading since June 2018. The six-month low was explained by a deterioration of all six sub-indexes: future domestic economic conditions (-11 points to 76), current domestic economic conditions (-12 points to 66), current living standards (-2 points to 91) and future household spending (-4 points to 106). Despite favourable trade policy evolution and rebounding manufacturing activity, the novel coronavirus and the spike of cases in South Korea weighed heavily.
2020-02-24

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.