South Korea Consumer Confidence Deteriorates

2026-03-24 21:07 By Felipe Alarcon 1 min. read

South Korea’s Composite Consumer Sentiment Index stood at 107.0 in March 2026, down 5.1 points from 112.1 in February to mark a significant retreat from the 8-year high reached earlier in the period.

Consumer sentiment regarding current living standards was 94, two points lower than in February, while expectations for the future outlook were 97, four points lower than in the previous month.

Sentiment about future household income fell to 101, and expectations for future household spending remained at 111.

Consumers’ views on current domestic economic conditions weakened to 86, while expectations for future domestic economic conditions fell to 89.

Overall, the data suggest a notable decline in confidence driven by significantly lower assessments of the domestic economy and its future prospects.

Inflation expectations were 2.7% for the year ahead, 2.6% for the three-year horizon and 2.5% for the five-year horizon.



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