South Korea’s consumer confidence slightly slows in Sep, stays above the 100-mark threshold

Consumer confidence in South Korea slightly slowed during the month of September, although staying above the 100-point mark that separates expansion from contraction.

South Korea’s consumer confidence continued to advance in September, with an index score of 101.7, down slightly from 101.8 in August, data released by the latest survey from the Bank of Korea showed Thursday.

Further, consumer sentiments concerning both current living standards and their future outlook remained unchanged, at 91 and 98 respectively. Consumer sentiment as to current domestic economic conditions was two points below its August figure at 72, while that for their future outlook was also two points lower at 83.

Meanwhile, consumer sentiment related to future household income remained unchanged at 100, while that concerning expected spending was one point higher at 107. The expectation for inflation over the following year was 2.5 percent.