Korea: Consumer confidence falls in September, remains pessimistic
September 25, 2020
Consumer confidence fell to 79.4 in September from August's 88.2. As a result, the index remained below the 100-point threshold, and indicated pessimism among consumers.
Consumer sentiment in September concerning current domestic economic conditions deteriorated over the previous month, hand-in-hand with sentiment regarding future domestic economic conditions; both remained downbeat. Additionally, consumers were more pessimistic regarding future household income and future household spending compared to the previous month.
Author: Frederico Teixeira de Abreu, Junior Economist