Korea: Consumer confidence eases in November
November 22, 2022
Consumer confidence fell to 86.5 in November from October's 88.8, meaning the index remained below the 100-point threshold, indicating worsening pessimism among consumers.
The decrease in the index in November reflected a broad-based deterioration in its subcomponents, including current and future domestic economic conditions and prospective living standards. The only subcomponent not to worsen was consumers' views of current living standards.
Consumer expectations for inflation a year ahead stood at 4.2% in November (October: 4.3%).