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Korea Consumer Confidence March 2018

Korea: Consumer confidence ticks down in March

The composite consumer sentiment index compiled by the Bank of Korea declined for the fourth consecutive month in March, coming in at 108.1 points, down slightly from the 108.2 points recorded in February. Nonetheless, consumer confidence remained above the 100-point threshold that separates optimism from pessimism among Korean households.

The reading in March was due to consumers’ increased pessimism regarding current and prospective domestic economic conditions, possibly due to trade protectionism rhetoric coming from the United States in early March. Meanwhile, optimism about future income and spending levels was unchanged compared to February, while pessimism regarding current living standards decreased slightly.

Korea Private Consumption Forecast

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