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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
South Korean headline consumer sentiment continued to ease in November. We now sit at 97.2, still comfortably above mid 2022 lows, but down for the fourth straight month. The first chart below overlays headline sentiment against y/y GDP growth. The index isn't pointing to a sharp rise in y/y growth momentum.
- In terms of the detail, current living standards and the domestic economy both dipped from October levels. Consumer spending plans eased further, particularly in relation to recreational spending. Employment expectations eased, but were firmer in terms of the domestic economic outlook.
Fig 1: South Korea Headline Consumer Sentiment & GDP Growth Y/Y
Source: MNI - Market News/Bloomberg
- On the price side, the expected inflation level was unchanged at 3.4%. The chart below overlays these expectations against headline CPI y/y.
- Expected wages eased modestly, while house price expectations fell more noticeably (102 from 108 in Oct).
Fig 2: South Korean Consumer Inflation Expectations & Headline 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.
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