Korea Consumer Confidence February 2019


Korea: Consumer confidence recovers in February but remains downbeat

February 26, 2019

The Bank of Korea’s composite consumer sentiment index rose to 99.5 points in February from 97.5 points in January. Despite the increase, the index remained below the 100-point threshold that separates pessimism from optimism among households.

The improvement in consumer confidence in February was broad-based in the sense that current and future living standards, and current and future domestic economic conditions were all viewed more positively by consumers. Views on prospective household income and spending, meanwhile, were unchanged from 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 2.2%.

Author:, Economist

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Korea Consumer Confidence Chart

Korea Consumer Confidence February 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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