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SOUTH KOREA: Consumer Confidence Declines .

SOUTH KOREA
EM BulletBulletSouth KoreaAPACEmerging Market News
  • Ahead of this week’s BOK decision, today’s consumer confidence numbers will be watched closely by the voting members.
  • The consumer has been at the forefront of the concerns held by authorities as cost-of-living pressures, particularly housing, have seen confidence levels decline.
  • November’s consumer confidence release came in at 100.7 (down from 101.7 prior) and barely above the 100 reading.  (A reading above 100 indicates more households are positive).
  • Respondents’ inflation expectations for the next 12 months remain unchanged at +2.8%.
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  • Ahead of this week’s BOK decision, today’s consumer confidence numbers will be watched closely by the voting members.
  • The consumer has been at the forefront of the concerns held by authorities as cost-of-living pressures, particularly housing, have seen confidence levels decline.
  • November’s consumer confidence release came in at 100.7 (down from 101.7 prior) and barely above the 100 reading.  (A reading above 100 indicates more households are positive).
  • Respondents’ inflation expectations for the next 12 months remain unchanged at +2.8%.