Korea Consumer Confidence January 2019

Korea

Korea: Consumer confidence creeps up in January but remains downbeat

January 25, 2019

The Bank of Korea’s composite consumer sentiment index rose to 97.5 points in January from a revised 96.9 points in December (previously reported: 97.2 point). Despite the increase, the index reading remained notably below the 100-point threshold that separates pessimism from optimism among households.

The uptick in consumer confidence in January came primarily on the back of improved household opinions of domestic economic conditions, both current and future. Furthermore, consumer views on current living standards and future income levels increased slightly in January. Households had unchanged perspectives on future living standards and spending levels in January.

FocusEconomics Consensus Forecast panelists expect private consumption to expand 2.4% in 2019, which is unchanged from last month’s forecast. For 2020, the panel sees private consumption growth at 2.3%.


Author:, Economist

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Korea Consumer Confidence January 2019

Note: Composite Consumer Sentiment Index (CCSI). An index value above 100 indicates that optimistic respondents outnumber pessimistic respondents.
Source: Bank of Korea (BoK).


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