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Global Economic News

South Korea Consumer Confidence Slows In September

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

Consumer confidence in South Korea continued to advance in September, albeit at a slightly slower rate, the latest survey from the Bank of Korea showed on Thursday with an index score of 101.7.

That's down slightly from 101.8 in August, although it remains well above the threshold of 100 that separates optimism from pessimism.

Consumer sentiments concerning both current living standards and their future outlook remained unchanged, at 91 and 98 respectively.

Consumer sentiment as to current domestic economic conditions was two points below its August figure at 72, while that for their future outlook was also two points lower at 83.

Consumer sentiment related to future household income remained unchanged at 100, while that concerning expected spending was one point higher at 107.

The expectation for inflation over the following year was 2.5 percent.

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