The Composite Consumer Sentiment Index (CCSI) in South Korea rose by 0.8 points to 107.6 in November of 2021, the highest since June and marking the third consecutive monthly increase. Households were more optimistic about the current state of the economy (+1 to 81), while the index measuring their future spending rose by 3 points to 112. Meantime, the future domestic economic conditions index was unchanged at 96 as well as their current living standard at 92. Still, the households were more pessimistic about future living standards (-1 to 97). source: The Bank of Korea

Consumer Confidence in South Korea averaged 100.20 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 December of 2021.

Consumer Confidence in South Korea is expected to be 100.00 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


Calendar GMT Actual Previous Consensus TEForecast
2021-10-26 09:00 PM Oct 106.8 103.8 105
2021-11-22 09:00 PM Nov 107.6 106.8 103
2021-12-27 09:00 PM Dec 107.6


Related Last Previous Unit Reference
Consumer Confidence 107.60 106.80 points Nov/21
Consumer Spending 220525.40 221145.50 KRW Billion Sep/21
Disposable Personal Income 1938678.90 1925872.90 KRW Billion Dec/20
Personal Savings 35.80 37.40 percent Jun/21
Consumer Credit 1844893.30 1805866.70 KRW Billion Sep/21
Bank Lending Rate 3.07 2.96 percent Oct/21
Economic Optimism Index 106.00 106.00 Net Balance Nov/21

News Stream
South Korea Consumer Sentiment at 5-Month High
The Composite Consumer Sentiment Index (CCSI) in South Korea rose by 0.8 points to 107.6 in November of 2021, the highest since June and marking the third consecutive monthly increase. Households were more optimistic about the current state of the economy (+1 to 81), while the index measuring their future spending rose by 3 points to 112. Meantime, the future domestic economic conditions index was unchanged at 96 as well as their current living standard at 92. Still, the households were more pessimistic about future living standards (-1 to 97).
2021-11-22
South Korea Consumer Sentiment at 4-Month High
The Composite Consumer Sentiment Index (CCSI) in South Korea rose by 3 points to 106.8 in October of 2021 from 103.8 in the prior month, the highest since June and marking the second consecutive monthly increase. Households were more optimistic about the current state of the economy (+2 to 80) and future domestic economic conditions (+2 to 96) as well as their future spending (+3 to 112). There were also improvements in future living standards (+2 to 98) and future household income (+2 to 101).
2021-10-26
South Korea Consumer Confidence Improves
The Composite Consumer Sentiment Index (CCSI) in South Korea rose by 1.3 points to 103.8 in September of 2021 from 102.5 in the previous month, the highest since June. The subindex for people's assessment of current economic conditions stood at 78 in September, up from 77 in August, while the index gauging people's sentiment toward future economic conditions reached 94 this month, up from 90 in August. Consumer sentiment regarding current living standards and future living standards were unchanged at 91 and 96, respectively.
2021-09-27

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.