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SOUTH KOREA: Consumer Confidence Up, Though Pessimism Still in Charge. 

SOUTH KOREA
EM BulletBulletSouth KoreaAPACEmerging Market News
  • February’s Consumer Sentiment Index Jumped 4.0 points to stand at 95.2.
  • Whilst still pessimistic, the future outlook improved to 93 from 89.
  • Consumers see their current living standards unchanged at 87, whilst their expectation for household income rose 1 point to 97, offset by expectations of higher household spending at 106 (plus 3 for the month).
  • Current and future domestic economic conditions remain extremely poor at 55 (+4) and 73 (+8) respectively.
  • Consumers surveyed expect inflation to be at 2.7% over the next year.    
  • A reading below 100 indicates that households on balance are more pessimistic.
  • The BOK next meets on February 25 with the market consensus that they will cut rates by 25bps. 
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  • February’s Consumer Sentiment Index Jumped 4.0 points to stand at 95.2.
  • Whilst still pessimistic, the future outlook improved to 93 from 89.
  • Consumers see their current living standards unchanged at 87, whilst their expectation for household income rose 1 point to 97, offset by expectations of higher household spending at 106 (plus 3 for the month).
  • Current and future domestic economic conditions remain extremely poor at 55 (+4) and 73 (+8) respectively.
  • Consumers surveyed expect inflation to be at 2.7% over the next year.    
  • A reading below 100 indicates that households on balance are more pessimistic.
  • The BOK next meets on February 25 with the market consensus that they will cut rates by 25bps.