South Korea Consumer Confidence

Last Release

Jan 31, 2025

Actual

91.2

Units In

Points

88.4

Frequency

Monthly

Next Release

Feb 19, 2025

Time to Release

27 Days 3 Hours

Highest	Lowest	Average	Date Range	Source
121.5 Oct 2009	67.7 Dec 2008	99.88 Points	1998-2025	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) in South Korea improved slightly in January 2025, rising to 91.2 from 88.2 in December 2024. This increase reflects marginally improved economic sentiment, with future domestic economic conditions climbing nine points to 65 and prospective living standards up three points to 89. However, sentiment concerning current domestic economic conditions dipped by one point to 51, highlighting lingering concerns about the immediate economic environment. Despite the improvement, the index remains below its historical average, underscoring persistent caution among consumers. Inflation expectations for the next year held steady at 2.8%, while the three- and five-year expectations remained at 2.6%. Governor Rhee Chang-yong emphasized the need for balanced fiscal policies to sustain economic momentum during the ongoing recovery period.