Korea: Consumer confidence rises but remains in negative territory in August
Consumer confidence rose to 88.8 in August from July’s 86.0. As such, the index remained entrenched below the 100-point threshold, signaling pessimism among consumers.
The headline print 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 July.
Consumer expectations for inflation a year ahead stood at 4.3% in August (July: 4.7%).