Korea skyline

Korea Consumer Confidence November 2018

Korea: Consumer confidence falls to a nearly two-year low in November

The Bank of Korea’s composite consumer sentiment index fell further into pessimistic territory in November. The index landed at 96.0 points in November, which is down from 99.5 points in October, and represents a nearly two-year low. The headline figure is below the crucial 100-point threshold that separates pessimism from optimism among households. Waning sentiment in November came as the labor market has shown sluggish signs in recent months; the U.S.-China trade war has continued to rage; inflation has accelerated; and the stock market has underperformed.

Specifically, the reading in November was due to a broad-based worsening of consumer sentiment. The largest deterioration came from consumers’ perspectives of domestic economic conditions, both current and future, which decreased substantially compared to the prior month. Moreover, consumers had lower assessments of their prospective living standards, incomes and spending levels in November compared to October, while their take on current living standards also slipped.

Korea Private Consumption Forecast

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 X Download Fullscreen