South Korea Retail Sales YoY - Forecast

Retail Sales YoY in South Korea is expected to be 4.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Retail Sales YoY in South Korea to stand at 4.11 in 12 months time. In the long-term, the South Korea Retail Sales YoY is projected to trend around 6.00 percent in 2020, according to our econometric models.


South Korea Retail Sales YoY
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South Korea Consumer Last Q2/18 Q3/18 Q4/18 Q1/19 2020
Consumer Confidence 108 108 107 107 107 109
Retail Sales MoM 1 0.1 0.34 0.5 0.33 0.9
Retail Sales YoY 6.3 4.2 4.23 4.5 4.11 6
Consumer Spending 188665 188206 189310 193947 188452 205559
Disposable Personal Income 1722493 1630735 1769493 1795431 1812463 1990908
Personal Savings 9.3 9.8 8.79 9.8 8.48 11.4
Consumer Credit 1450894 1419438 1419438 1419438 1419438 1419438
Bank Lending Rate 3.68 3.4 4.01 3.55 4.36 3.7
Households Debt To Gdp 94.4 94 96.17 96.48 96.68 97.64
Gasoline Prices 1.46 1.32 1.24 1.16 1.32 0.77
Consumer Confidence Current Conditions 96 95.61 95.61 95.61 95.61 95.61
Consumer Confidence Economic Expectations 109 111 111 111 111 111
Consumer Confidence Financial Expectations 103 103 103 103 103 103
Consumer Confidence Major Purchases Expectations 97 95.18 95.2 95.11 95.11 95.13
Consumer Confidence Price Trends 139 138 138 138 138 138
Consumer Confidence Savings Expectations 97 96.58 96.57 96.57 96.57 96.57
Consumer Confidence Unemployment Expectations 110 107 107 107 107 107