Korea: Consumer confidence rises in October
October 27, 2021
Consumer confidence rose to 106.8 in October from September's 103.8. As such, the index remained above the 100-point threshold, signaling optimism among consumers.
Looking at the details of the print, households turned optimistic regarding their income over the next year, while also becoming more upbeat regarding spending. Meanwhile, consumers were less pessimistic regarding future unemployment, living standards and economic conditions.
Author: Frederico Teixeira de Abreu, Junior Economist