Korea: Consumer confidence increases but remains pessimistic in September
Consumer confidence rose to 91.4 in September from August’s 88.8. The index remained below the 100-point threshold, signaling sustained pessimism among consumers.
The increase in the index reflected an across-the-board improvement in its subcomponents, including current and prospective living standards plus current and future domestic economic conditions. Only consumers’ views of their prospective household spending worsened compared to August.
Consumer expectations for inflation a year ahead stood at 4.2% in September (August: 4.3%).