Consumer confidence in South Korea decreased to 92.50 index points in August 2019 from 95.90 index points in the previous month. That was the lowest reading since January 2017, as global trade concerns alongside the recent dispute with Japan continued to weigh on the economy. The subindex measuring expectations for future household livelihood sank 3 points to 89, the lowest since March 2009 and that for future household income also was down 2 points to 94, the worst since April 2009. Meantime, the current living standards subindex declined 1 point to 90 and consumers' expectations for future spending were also down 2 points to 105. Meantime, prospects for job opportunities worsened with the index falling 3 points to 74 while inflation expectations were at a record low of 2 percent in August. Consumer Confidence in South Korea averaged 100.73 Index Points from 1998 until 2019, reaching an all time high of 120.60 Index Points in October of 2009 and a record low of 69.40 Index Points in December of 2008.

Consumer Confidence in South Korea is expected to be 91.90 Index 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 95.00 in 12 months time. In the long-term, the South Korea Consumer Confidence is projected to trend around 99.00 Index Points in 2020, according to our econometric models.

South Korea Consumer Confidence
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Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2019-05-27 09:00 PM Consumer Confidence May 97.9 101.6 103.0 102.5
2019-06-24 09:00 PM Consumer Confidence Jun 97.5 97.9 96.0 101
2019-07-25 09:00 PM Consumer Confidence Jul 95.9 97.5 97.0 96.9
2019-08-26 09:00 PM Consumer Confidence Aug 92.5 95.9 96.3
2019-09-25 09:00 PM Consumer Confidence Sep 92.5 91.9
2019-10-24 09:00 PM Consumer Confidence Oct
2019-11-26 09:00 PM Consumer Confidence Nov


South Korea Consumer Last Previous Highest Lowest Unit
Consumer Confidence 92.50 95.90 120.60 69.40 Index Points [+]
Retail Sales MoM -0.90 -1.60 5.50 -12.40 percent [+]
Retail Sales YoY -0.30 1.20 20.20 -21.50 percent [+]
Consumer Spending 221901.20 220417.20 221901.20 6809.67 KRW Billion [+]
Disposable Personal Income 1890779.40 1836741.90 1890779.40 2866.70 KRW Billion [+]
Personal Savings 34.60 34.50 42.70 13.40 percent [+]
Consumer Credit 1556091.90 1540043.80 1556091.90 142746.90 KRW Billion [+]
Bank Lending Rate 3.40 3.49 17.01 3.23 percent [+]
Households Debt To GDP 97.70 96.90 97.70 1.40 percent of GDP [+]
Economic Optimism Index 88.00 89.00 117.00 55.00 Net Balance [+]
Gasoline Prices 1.23 1.26 1.84 0.54 USD/Liter [+]
Consumer Confidence Current Conditions 96.00 93.00 117.00 25.00 [+]
Consumer Confidence Economic Expectations 109.00 112.00 122.00 49.00 [+]
Consumer Confidence Financial Expectations 103.00 103.00 107.00 82.00 [+]
Consumer Confidence Major Purchases Expectations 97.00 96.00 97.00 73.00 [+]
Consumer Confidence Price Trends 139.00 139.00 163.00 129.00 [+]
Consumer Confidence Savings Expectations 97.00 97.00 102.00 82.00 [+]
Consumer Confidence Unemployment Expectations 110.00 121.00 121.00 41.00 [+]


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. 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 - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
92.50 95.90 120.60 69.40 1998 - 2019 Index Points Monthly
NSA




Country Last Previous
Argentina 41.90 Aug/19
Australia 98.20 Sep/19
Brazil 47.00 Jun/19
Canada 53.00 Sep/19
China 124.40 Jul/19
Euro Area -7.10 Aug/19
France 102.00 Aug/19
Germany 9.70 Sep/19
India 95.70 Sep/19
Indonesia 123.10 Aug/19
Italy 111.90 Aug/19
Japan 37.10 Aug/19
Mexico 43.40 Aug/19
Netherlands 0.00 Aug/19
Russia -15.00 Jun/19
Saudi Arabia 114.00 Jun/19
South Africa 5.00 Jun/19
South Korea 92.50 Aug/19
Spain 86.00 Aug/19
Switzerland -8.00 Sep/19
Turkey 58.30 Aug/19
United Kingdom -14.00 Aug/19
United States 92.00 Sep/19


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