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Korea Consumer Confidence December 2020

Korea: Consumer confidence deteriorates in December

Consumer confidence came in at 89.8 in December, down from November’s 97.9. As a result, the index moved further below the 100-point threshold separating pessimism from optimism among consumers.

The downturn was broad-based, led mainly by households’ grimmer perspective on current and future economic conditions, likely as a consequence of tighter Covid-19 restrictions since November. Accordingly, consumer sentiment also deteriorated regarding both current and future living standards, as well as future income and spending.

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