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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 Korea consumer sentiment rose again in April. The headline index now back to 95.1. This is highs back to mid last year. The index is plotted below (in level terms) against South Korean GDP y/y growth. It is suggesting better y/y momentum, albeit from low levels as we progress into H2. Of course, other headwinds, particularly on the external side may dominate.
- Most of the sub components rose in terms of the domestic economy, and employment, while interest rates nudged down (in terms of changes) which is in line with the recent on hold BoK stance.
Fig 1: South Korea Consumer Sentiment Versus GDP Y/Y
Source: MNI - Market News/Bloomberg
- The employment situation was steady, while wage expectations rose a touch but remain within recent ranges.
- Other price related expectations nudged down. The second chart below is expected inflation levels versus CPI y/y for South Korea. Expected inflation is now back to lows from May last year.
Fig 2: South Korea Inflation Expectations Versus 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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