Südkorea - Konsumlaune

The Composite Consumer Sentiment Index (CCSI) in South Korea rose to 100.9 in November 2019 from 98.6 in the previous month, but below market expectations of 103. It was the highest reading in seven months, as five of the six sub-indexes increased: prospective living standards (+2 points to 95); future spending (+1 point to 109); current domestic economic conditions (+1 point to 73); prospective domestic economic condition (+4 points to 81); and future household income (+2 points to 99). Meanwhile, current living standards remained unchanged at 92 points.

The Composite Consumer Sentiment Index (CCSI) in South Korea climbed to 98.6 in October 2019 from 96.9 in the previous month. The print was at a six-month high, as faster-than-expected growth more than offset prevailing trade concerns. Four of sub-indexes increased: prospective living standards (+1 point to 92); future spending (+2 points to 108); current domestic economic conditions (+4 points to 72); and prospective domestic economic condition (+2 points to 75). In contrast, current living standards (at 92) and future household income (at 97) were unchanged.

The Composite Consumer Sentiment Index (CCSI) in South Korea climbed to 96.9 in September 2019 from 92.5 in the previous month. The print was a three-month high, as faster-than-expected growth more than offset prevailing trade concerns. All sub-indexes increased: current living standards (up 2 points to 92); prospective living standards (up three points to 92); future household income (up 3 points to 97); future spending (up 1 point to 106); current domestic economic conditions (up 5 points to 68); and prospective domestic economic condition (up 9 points to 75).

Consumer confidence in South Korea decreased to 92.50 index points in August 2019 from 95.90 index points in the previous month. That was the lowest reading since January 2017, as global trade concerns alongside the recent dispute with Japan continued to weigh on the economy. The subindex measuring expectations for future household livelihood sank 3 points to 89, the lowest since March 2009 and that for future household income also was down 2 points to 94, the worst since April 2009. Meantime, the current living standards subindex declined 1 point to 90 and consumers' expectations for future spending were also down 2 points to 105. Meantime, prospects for job opportunities worsened with the index falling 3 points to 74 while inflation expectations were at a record low of 2 percent in August.