Korea skyline

Korea Consumer Confidence April 2020

Korea: Consumer sentiment continues to slump in April

The Bank of Korea’s composite consumer sentiment index nosedived to 70.8 in April from 78.4 in March. Consequently, the index moved further below the 100-point threshold that separates pessimism from optimism among households.

Consumer sentiment in April concerning both current and future domestic economic conditions tapered over the previous month. Moreover, consumers were more pessimistic regarding their current and future living standards in April, while their assessment of their future income and spending also deteriorated.

FocusEconomics Consensus Forecast panelists expect private consumption to expand 1.3% in 2020, which is down 0.5 percentage points from last month’s projection. Looking at 2021, our panelists see private consumption growing at 2.4%.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest