The Composite Consumer Sentiment Index (CCSI) in South Korea dipped to 100.4 in December 2019 from 100.9 in the previous month, but above market expectations of 99.4 points. Two of the six sub-indexes increased, two remained unchanged and two declined. Current and prospective domestic economic conditions each gained one point to 74 (vs 73) and 82 (vs 81), respectively. Meanwhile, future household spending remained unchanged at 109, whereas prospective household income retreated 1 point to 98. Current living standards stood at 92, while future living standards declined 1 point to 94. Consumer Confidence in South Korea averaged 100.71 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. source: The Bank of Korea

Consumer Confidence in South Korea is expected to be 100.50 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 94.00 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.


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South Korea Consumer Confidence

Actual Previous Highest Lowest Dates Unit Frequency
100.40 100.90 120.60 69.40 1998 - 2019 points Monthly
NSA



Calendar GMT Actual Previous Consensus TEForecast
2019-09-25 09:00 PM Sep 96.9 92.5 90.0 91.9
2019-10-24 09:00 PM Oct 98.6 96.9 100.0 98
2019-11-26 09:00 PM Nov 100.9 98.6 103 98.5
2019-12-26 09:00 PM Dec 100.4 100.9 99.4 99.5
2020-01-28 09:00 PM Jan 100.4 97.5 101


News Stream
2019-11-26
South Korea Consumer Confidence at 7-Month High
The Composite Consumer Sentiment Index (CCSI) in South Korea rose to 100.9 in November 2019 from 98.6 in the previous month, but below market expectations of 103. It was the highest reading in seven months, as five of the six sub-indexes increased: prospective living standards (+2 points to 95); future spending (+1 point to 109); current domestic economic conditions (+1 point to 73); prospective domestic economic condition (+4 points to 81); and future household income (+2 points to 99). Meanwhile, current living standards remained unchanged at 92 points.

2019-10-24
South Korea Consumer Confidence Climbs in October
The Composite Consumer Sentiment Index (CCSI) in South Korea climbed to 98.6 in October 2019 from 96.9 in the previous month. The print was at a six-month high, as faster-than-expected growth more than offset prevailing trade concerns. Four of sub-indexes increased: prospective living standards (+1 point to 92); future spending (+2 points to 108); current domestic economic conditions (+4 points to 72); and prospective domestic economic condition (+2 points to 75). In contrast, current living standards (at 92) and future household income (at 97) were unchanged.

2019-09-25
South Korea Consumer Confidence at 3-Month High
The Composite Consumer Sentiment Index (CCSI) in South Korea climbed to 96.9 in September 2019 from 92.5 in the previous month. The print was a three-month high, as faster-than-expected growth more than offset prevailing trade concerns. All sub-indexes increased: current living standards (up 2 points to 92); prospective living standards (up three points to 92); future household income (up 3 points to 97); future spending (up 1 point to 106); current domestic economic conditions (up 5 points to 68); and prospective domestic economic condition (up 9 points to 75).

2019-08-26
South Korea Consumer Confidence Lowest since Early 2017
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.


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.

South Korea Consumer Last Previous Highest Lowest Unit
Consumer Confidence 100.40 100.90 120.60 69.40 points [+]
Retail Sales MoM 3.00 -0.40 5.50 -12.40 percent [+]
Retail Sales YoY 3.70 2.00 20.20 -21.50 percent [+]
Consumer Spending 223925.40 222265.10 223925.40 6809.67 KRW Billion [+]
Disposable Personal Income 1890779.40 1836741.90 1890779.40 2866.70 KRW Billion [+]
Personal Savings 35.00 34.60 42.70 13.40 percent [+]
Consumer Credit 1572659.90 1556091.90 1572659.90 142746.90 KRW Billion [+]
Bank Lending Rate 3.18 3.20 17.01 3.18 percent [+]
Economic Optimism Index 92.00 92.00 117.00 55.00 Net Balance [+]
Gasoline Prices 1.35 1.31 1.84 0.54 USD/Liter [+]
Households Debt To GDP 92.90 92.10 92.90 1.40 percent of GDP [+]
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 [+]