Free Trial
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
SOUTH KOREA
Headline South Korean consumer sentiment continued to lose momentum in October. The index dipped to 98.1 from 99.7 prior. We are now comfortably off mid year highs for the index, although mid -2022 lows are still some distance away. The first chart below overlays the index against y/y GDP growth.
- In terms of the detail, the domestic economy situation slipped, whilst the change in interest rates sub index also rose. Spending plans were relatively unchanged though compared with September.
- Note we get Q3 GDP tomorrow in South Korea.
Fig 1: South Korean Consumer Sentiment & GDP Y/Y
Source: MNI - Market News/Bloomberg
- In terms of prices, the expected inflation level ticked higher to 3.4%, after holding steady at 3.3% for the past 3 months. The second chart below overlays this expectation index against headline inflation in y/y terms.
- Expected wages and house prices ticked down in October though.
Fig 2: South Korean Consumer Inflation Expectations & CPI Y/Y
Source: MNI - Market News/Bloomberg
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok