South Korea Consumer Confidence

Last Release

Mar 31, 2024

Actual

100.7

Units In

Points

101.9

Frequency

Monthly

Next Release

Apr 23, 2024

Time to Release

28 Days 10 Hours

Highest	Lowest	Average	Date Range	Source
121.5 Oct 2009	67.7 Dec 2008	99.92 Points	1998-2024	The Bank of Korea

In South Korea, the Composite Consumer Sentiment Index (CCSI) measures the level of optimism that consumers have about the performance of the economy. The index is based on a survey of around 2200 households. The CCSI is computed as a sum of six variables, including current living standards, prospective household income and prospective spending. A CCSI above 100 indicates an improving outlook and below 100 a deteriorating outlook.

Latest Updates

The Composite Consumer Sentiment Index (CCSI) fell to 100.7 points in March 2024, down from the previous month's level of 101.9, which was the highest reading since August 2023. It snapped the third consecutive month of gains, marking the biggest monthly decline since August 2023, driven by soaring prices of farm goods and a slump in private spending. Consumer sentiment regarding current living standards came at 89 (vs 90 points in February), and that concerning the future outlook was recorded at 93 (vs 94 points). Consumer sentiment related to future household income fell to 99 (vs 100 points), and that concerning future household spending was unchanged at 111. Consumer sentiment concerning current domestic economic conditions decreased to 68 (vs 70 points), and that concerning future domestic economic conditions was unchanged at 80.