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SOUTH KOREA: Political Storm Hammers Consumer Confidence. 

SOUTH KOREA
EM BulletBulletSouth KoreaAPACEmerging Market News
  • The Korean consumer has given a clear message to the Politicians in the BOK consumer survey.
  • Consumer confidence has been steadfast above 100 (above means more optimistic) for several months despite the slowing economy.
  • The December survey has seen a collapse down to 88.4 with all major indicators from the domestic economy collapsing.
  • The overall survey result for the domestic economy fell from 70 to 52, showing that the Korean consumer is dismayed with the political storm created in recent weeks.
  • To add to the woes, the consumer now expects inflation to rise in the coming 12 months challenging the idea that the BOK will cut rates at the next meeting in January. 
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  • The Korean consumer has given a clear message to the Politicians in the BOK consumer survey.
  • Consumer confidence has been steadfast above 100 (above means more optimistic) for several months despite the slowing economy.
  • The December survey has seen a collapse down to 88.4 with all major indicators from the domestic economy collapsing.
  • The overall survey result for the domestic economy fell from 70 to 52, showing that the Korean consumer is dismayed with the political storm created in recent weeks.
  • To add to the woes, the consumer now expects inflation to rise in the coming 12 months challenging the idea that the BOK will cut rates at the next meeting in January.