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.