South Korea Retail Sales YoY  Forecast


Retail Sales YoY in South Korea is expected to be 5.20 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 4.68 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 Q4/17 Q1/18 Q2/18 Q3/18 2020
Consumer Confidence 108 106 107 106 100 102
Retail Sales MoM -1 0.1 0.33 0.1 0.33 0.9
Retail Sales YoY 0.8 5.2 3.73 4.2 4.68 6
Consumer Spending 185090 187000 188000 186000 187188 201000
Disposable Personal Income 1632614 1689829 1704337 1630735 1733355 1849979
Personal Savings 9.3 9 9.8 9.8 9.77 11.4
Consumer Credit 1388291 1425219 1439973 1455504 1467805 1526354
Bank Lending Rate 3.43 3.5 3.75 3.4 4.13 3.7
Households Debt To Gdp 93 93.72 93.3 94 93.83 93.37
Gasoline Prices 1.31 1.28 1.26 1.19 1.19 1.1
Consumer Confidence Current Conditions 96 89.84 84.21 80.26 77.77 74.19
Consumer Confidence Economic Expectations 109 99.78 95.8 93.2 91.51 88.42
Consumer Confidence Financial Expectations 103 101 99.95 99.56 99.4 99.31
Consumer Confidence Major Purchases Expectations 97 94.69 93.3 92.42 91.93 91.42
Consumer Confidence Price Trends 139 140 140 140 141 142
Consumer Confidence Savings Expectations 97 95.75 95.18 94.82 94.6 94.24
Consumer Confidence Unemployment Expectations 110 95.02 91.79 89.75 88.36 85.55