Korea Consumer Confidence June 2020


Korea: Consumer sentiment continues to improve in June

June 26, 2020

The Bank of Korea’s composite consumer sentiment index increased to 81.8 in June from 77.6 in May. That being said, the index remained below the 100-point threshold that separates pessimism from optimism among households.

Consumer sentiment in June concerning both current and future domestic economic conditions improved over the previous month, but remained relatively depressed nonetheless. Moreover, consumers were less pessimistic regarding their current and future living standards in May, while their assessment of their future income and spending also improved.

FocusEconomics Consensus Forecast panelists expect private consumption to expand 2.9% in 2020, which is down 0.9 percentage points from last month’s projection. Looking at 2021, our panelists see private consumption growing at 3.4%.

Author:, Economist

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Korea Consumer Confidence Chart

Korea Consumer Confidence June 20 20

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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