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Consumer Sentiment Firms, Inflation Expectations Ease Back To 3.0%

SOUTH KOREA
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Earlier data showed South Korea consumer sentiment rose to 100.9 in June from 98.4 in May. This tick higher is consistent with a resilient local GP growth backdrop, see the first chart below. However, the index remains sub earlier 2024 highs of 101.9 (recorded in February).

  • In terms of the sub-indices for the index, most ticked higher. The domestic economy situation rose to 71 from 67. Expectations around the economic outlook also firmed. Spending plans were more mixed but mostly higher.

Fig 1: South Korean Headline Consumer Sentiment Index & GDP Y/Y

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Earlier data showed South Korea consumer sentiment rose to 100.9 in June from 98.4 in May. This tick higher is consistent with a resilient local GP growth backdrop, see the first chart below. However, the index remains sub earlier 2024 highs of 101.9 (recorded in February).

  • In terms of the sub-indices for the index, most ticked higher. The domestic economy situation rose to 71 from 67. Expectations around the economic outlook also firmed. Spending plans were more mixed but mostly higher.

Fig 1: South Korean Headline Consumer Sentiment Index & GDP Y/Y

Keep reading...Show less