The Composite Consumer Sentiment (CCSI) in South Korea fell by 6.2 points from the previous month to 96.4 in June of 2022, the lowest since January of 2021. Sentiment deteriorated regarding current living standards (87 vs 89), future outlook (88 vs 93), prospective economic conditions (69 vs 84), and prospective household income (97 vs 98). Meanwhile, Households’ inflation expectations for the year ahead rose to 3.9% from 3.3%, hitting the highest since April 2012. source: The Bank of Korea

Consumer Confidence in South Korea averaged 100.25 points from 1998 until 2022, 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 July of 2022.

Consumer Confidence in South Korea is expected to be 110.00 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 2023, according to our econometric models.

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South Korea Consumer Confidence



Calendar GMT Actual Previous Consensus TEForecast
2022-05-23 09:00 PM May 102.6 103.8 103.5
2022-06-28 09:00 PM Jun 96.4 102.6 102.9
2022-07-26 09:00 PM Jul 96.4


Related Last Previous Unit Reference
Consumer Confidence 96.40 102.60 points Jun 2022
Consumer Spending 223208.80 224393.00 KRW Billion Mar 2022
Disposable Personal Income 2078537.30 1938678.90 KRW Billion Dec 2021
Personal Savings 35.40 35.90 percent Dec 2021
Consumer Credit 1859423.40 1862065.30 KRW Billion Mar 2022
Bank Lending Rate 3.57 3.50 percent Apr 2022
Economic Optimism Index 107.00 106.00 Net Balance May 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
96.40 102.60 121.50 67.70 1998 - 2022 points Monthly
NSA

News Stream
South Korea Consumer Morale at 17-Month Low
The Composite Consumer Sentiment (CCSI) in South Korea fell by 6.2 points from the previous month to 96.4 in June of 2022, the lowest since January of 2021. Sentiment deteriorated regarding current living standards (87 vs 89), future outlook (88 vs 93), prospective economic conditions (69 vs 84), and prospective household income (97 vs 98). Meanwhile, Households’ inflation expectations for the year ahead rose to 3.9% from 3.3%, hitting the highest since April 2012.
2022-06-28
South Korea Consumer Morale Declines in May
The Composite Consumer Sentiment (CCSI) in South Korea edged down by 1.2 points to 102.6 in May of 2022 compared to the previous month. Sentiment deteriorated regarding current living standards (89 vs 92), prospective economic conditions (84 vs 87), and prospective household income (98 vs 99). On the other hand, consumer morale improved for future expectations of household spending (116 vs 114).
2022-05-23
South Korea Consumer Morale Up in April
The Composite Consumer Sentiment Index (CCSI) in South Korea edged up by 0.6 points to 103.8 in April of 2022. It was the highest reading since January, amid the relaxation of most pandemic restrictions. The current domestic economic conditions were assessed more positively (74 vs 71 in March) and the opinion concerning future domestic economic conditions was unchanged at 87. There was also an improvement in the index gauging current living standards (92 vs 90). Consumer sentiment related to future household income and future household spending were both unchanged, at 99 and 114, respectively.
2022-04-26