The Composite Consumer Sentiment Index (CCSI) in South Korea decreased 0.7 points to 102.5 in August of 2021 from 103.2 in the previous month, the lowest since April and marking the second consecutive monthly decline. Households were less optimistic about the current state of the economy (-5 points to 77) and future domestic economic conditions (-2 points to 90). Meantime, sentiment related to future household income edged up (+1 point to 99) while that concerning future household spending fell (-1 point to 107). Consumer sentiment regarding current living standards and future living standards were unchanged at 91 and 96, respectively. source: The Bank of Korea

Consumer Confidence in South Korea averaged 100.13 points from 1998 until 2021, 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 September of 2021.

Consumer Confidence in South Korea is expected to be 105.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Korea Consumer Confidence is projected to trend around 110.00 points in 2022, according to our econometric models.

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South Korea Consumer Confidence

Actual Previous Highest Lowest Dates Unit Frequency
102.50 103.20 121.50 67.70 1998 - 2021 points Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-05-24 09:00 PM May 105.2 102.2 103
2021-06-23 09:00 PM Jun 110.3 105.2 104
2021-07-27 09:00 PM Jul 103.2 110.3 110
2021-08-23 09:00 PM Aug 102.5 103.2 105
2021-09-27 09:00 PM Sep 102.5
2021-10-26 09:00 PM Oct
2021-11-22 09:00 PM Nov
2021-12-27 09:00 PM Dec


News Stream
S. Korea Consumer Sentiment Eases Further to 4-Month Low
The Composite Consumer Sentiment Index (CCSI) in South Korea decreased 0.7 points to 102.5 in August of 2021 from 103.2 in the previous month, the lowest since April and marking the second consecutive monthly decline. Households were less optimistic about the current state of the economy (-5 points to 77) and future domestic economic conditions (-2 points to 90). Meantime, sentiment related to future household income edged up (+1 point to 99) while that concerning future household spending fell (-1 point to 107). Consumer sentiment regarding current living standards and future living standards were unchanged at 91 and 96, respectively.
2021-08-23
South Korea Consumer Sentiment Eases in July
The Composite Consumer Sentiment Index (CCSI) in South Korea decreased to 103.2 points in July of 2021 from 110.3 in the previous month. Households were less optimistic about the current state of the economy (-12 to 82) and future domestic economic conditions (-17 to 92). There was also a deterioration regarding current living standards (-2 to 91), future living standards (-3 to 96) and future household income (-2 to 98).
2021-07-27
S. Korea Consumer Sentiment Hits Highest Level Since 2018
The Composite Consumer Sentiment Index (CCSI) in South Korea increased to 105.2 points in May of 2021 from 102.2 in the previous month. It was the sixth consecutive monthly gain and the highest since January of 2018, with households more optimistic about the current state of the economy (+9 to 94) and future domestic economic conditions (+10 to 109) as well as their future spending (+5 to 113). There were also improvements in future living standards (+2 to 99) and future household income (+2 to 100).
2021-06-23
S. Korea Consumer Sentiment Hits Highest Level Since 2018
The Composite Consumer Sentiment Index (CCSI) in South Korea increased to 105.2 points in May of 2021 from 102.2 in the previous month. It was the fifth consecutive monthly gain and the highest since June of 2018, with households more optimistic about the current state of the economy (+8 to 85) and future domestic economic conditions (+5 to 99) as well as their living standards (+1 to 93) and spending (+2 to 108). There were also improvements in future living standards (+1 to 97) and future household income (+1 to 98).
2021-05-24

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.