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. source: The Bank of Korea

Consumer Confidence in South Korea averaged 100.05 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 February of 2021.

Consumer Confidence in South Korea is expected to be 95.00 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 100.00 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
97.40 95.40 121.50 67.70 1998 - 2021 points Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-11-23 09:00 PM Nov 97.9 91.6 82
2020-12-28 09:00 PM Dec 89.8 97.9 95
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 97.4
2021-04-27 09:00 PM Apr
2021-05-24 09:00 PM May
2021-06-23 09:00 PM Jun


News Stream
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 Sheds 8 Points
The Composite Consumer Sentiment Index (CCSI) in South Korea declined to 89.8 points in December 2020 from 97.9 in the previous month, falling to a three-month low. All six sub-indexes declined, dragged mainly by current domestic economic conditions (-16 points to 56) and prospective domestic economic conditions (-10 points to 81), as coronavirus uncertainty weighed heavily. Meanwhile, future household spending (-5 points to 99), future household income (-3 points to 93), and current living standards (-3 points to 86), and future living standards (-5 points to 89) also deteriorated.
2020-12-28
South Korea Consumer Confidence at 10-Month High
The Composite Consumer Sentiment Index (CCSI) in South Korea increased to 97.9 points in November 2020 from 91.6 in the previous month. It was the highest reading since January, as coronavirus cases declined and the economic recovery continued. All six sub-indexes improved, nudged mainly by current domestic economic conditions (+14 points to 72) and prospective domestic economic conditions (+8 points to 91). Meanwhile, future household spending (+4 points to 104), future household income (+2 points to 96), and current living standards (+3 points to 89), and future living standards (+3 points to 94) also increased.
2020-11-23

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.