Korea skyline

Korea Consumer Confidence January 2018

Korea: Consumer confidence edges down in January

The composite consumer sentiment index compiled by the Bank of Korea declined in the month of January. The index came in at 109.9 points, down from December’s revised 110.6 points (previously reported: 110.9 points). Nevertheless, consumer confidence remained comfortably above the 100-point threshold that separates optimism from pessimism among Korean households.

Although remaining close to November’s seven-year high, the January reading was dragged down by consumers’ increased pessimism regarding current and prospective domestic economic conditions. Prospective employment opportunities deteriorated in January, whereas sentiment regarding future wages, prices, and housing prices were all more upbeat than in December.

This drop in consumers’ confidence in January occurred despite a relative warming of diplomatic relations between North and South Korea, with the two countries forming a joint hockey team at the upcoming 2018 Winter Olympics in Pyeongchang, South Korea.

Korea Private Consumption Forecast

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest