The Composite Consumer Sentiment Index (CCSI) in South Korea increased to 102.2 points in April of 2021 from 100.5 in the previous month. Consumer confidence has risen for the fourth consecutive month to its highest since January of 2020, as five of the six sub-indices improved, mainly nudged by current domestic economic conditions (+5 to 77) and current living standards (+3 to 92). There were also improvements in future living standards (+1 to 96), future household income (+1 to 97), and future domestic economic conditions (+1 to 94). source: The Bank of Korea

Consumer Confidence in South Korea averaged 100.06 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 May of 2021.

Consumer Confidence in South Korea is expected to be 101.00 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 108.00 in 12 months time. 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
102.20 100.50 121.50 67.70 1998 - 2021 points Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-01-26 09:00 PM Jan 95.4 89.8 93.6 91
2021-02-22 09:00 PM Feb 97.4 95.4 93
2021-03-25 09:00 PM Mar 100.5 97.4 96.2 96.5
2021-04-27 09:00 PM Apr 102.2 100.5 101
2021-05-24 09:00 PM May 102.2
2021-06-23 09:00 PM Jun
2021-07-27 09:00 PM Jul
2021-08-23 09:00 PM Aug


News Stream
S. Korea Consumer Confidence Hits 15-Month High
The Composite Consumer Sentiment Index (CCSI) in South Korea increased to 102.2 points in April of 2021 from 100.5 in the previous month. Consumer confidence has risen for the fourth consecutive month to its highest since January of 2020, as five of the six sub-indices improved, mainly nudged by current domestic economic conditions (+5 to 77) and current living standards (+3 to 92). There were also improvements in future living standards (+1 to 96), future household income (+1 to 97), and future domestic economic conditions (+1 to 94).
2021-04-27
South Korea Consumer Confidence Rises Further
The Composite Consumer Sentiment Index (CCSI) in South Korea increased to 100.5 points in March 2021 from 97.4 in the previous month. Five of the six sub indices improved, mainly nudged by current domestic economic conditions (+9 to 72), future household spending (+3 to 107), and future domestic economic conditions (+3 to 93). Current living standards (+2 to 89), future living standards (+1 to 95) and also improved, whereas future household income remained unchanged at 96 for the second month.
2021-03-25
South Korea Consumer Confidence Adds 2 Points
The Composite Consumer Sentiment Index (CCSI) in South Korea increased to 97.4 points in February 2021 from 95.4 in the previous month. Five of the six sub indices improved, mainly nudged by current domestic economic conditions (+7 to 63) and future household spending (+2 to 104). Current living standards (87), future living standards (94) and future domestic economic conditions (90) gained one point each, whereas future household income remained unchanged at 96.
2021-02-22
South Korea Consumer Confidence Improves
The Composite Consumer Sentiment Index (CCSI) in South Korea increased to 95.4 points in January 2021 from a final estimate of 91.2 in the previous month, rebounding from a three-month low. Four of the subindices improved, mainly nudged by future domestic economic conditions (+8 to 89) and future living standards (+4 to 93). Also, future household income (+3 to 96) and future household spending (+3 to 102) closed higher. In contrast, current domestic economic conditions remained unchanged at 56, while current living standards stayed at 86.
2021-01-26

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.