The Composite Consumer Sentiment Index (CCSI) in South Korea dipped to 100.4 in December 2019 from 100.9 in the previous month, but above market expectations of 99.4 points. Two of the six sub-indexes increased, two remained unchanged and two declined. Current and prospective domestic economic conditions each gained one point to 74 (vs 73) and 82 (vs 81), respectively. Meanwhile, future household spending remained unchanged at 109, whereas prospective household income retreated 1 point to 98. Current living standards stood at 92, while future living standards declined 1 point to 94. Consumer Confidence in South Korea averaged 100.71 Index Points from 1998 until 2019, reaching an all time high of 120.60 Index Points in October of 2009 and a record low of 69.40 Index Points in December of 2008. source: The Bank of Korea
Consumer Confidence in South Korea is expected to be 100.50 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Consumer Confidence in South Korea to stand at 94.00 in 12 months time. In the long-term, the South Korea Consumer Confidence is projected to trend around 99.00 Index Points in 2020, according to our econometric models.