The Composite Consumer Sentiment Index (CCSI) in South Korea increased to 84.2 in July 2020 from 81.8 in the previous month. It was the highest reading since February, on the back of government stimulus actions and the easing of some social mobility restrictions. Four of the six sub-indexes increased: current domestic economic conditions (+5 points to 49), current living standards (+1 point to 85), future household income (+2 points to 90) and future household spending (+2 points to 95). Meanwhile, future domestic economic conditions (70) and future living standards (87) remained unchanged.
Consumer Confidence in South Korea averaged 100.28 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 August of 2020. source: The Bank of Korea
Consumer Confidence in South Korea is expected to be 85.00 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.