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Korea Consumer Confidence January 2023

Korea: Consumer confidence improves in January

Consumer confidence rose to 90.7 in January from December’s 90.2. Despite the uptick, the index remained below the 100-point threshold that separates pessimism from optimism among consumers.

The increase in the index owed itself to households becoming less pessimistic about their future income and spending. In contrast, households became more pessimistic regarding their current living standards as well as the future state of the economy.

Consumer expectations for inflation a year ahead stood at 3.9% in January (December: 3.8%).

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