Korea: Consumer confidence improves in April
Consumer confidence came in at 103.8 in April, up from March’s 103.2. As a result, the index remained above the 100-point threshold, indicating optimism among consumers.
Consumers were more optimistic about their current living standards and the state of the economy in April, likely due to the recent easing of Covid-19 restrictions and booming real estate prices. This drove sentiment up in the month. In contrast, consumers were less optimistic about their future living standards in the face of rising cost of living pressures: Household inflation expectations for this year rose to 3.1% in April from 2.9% in March.