Financial News: South Korea Consumer Confidence Weakens In August

South Korea Consumer Confidence Weakens In August

08/20/2024 - 02:21:00 (RTTNews)

(RTTNews) - South Korea's consumer sentiment decreased in August to the lowest level in three months, survey results from the Bank of Korea showed on Tuesday.

The consumer confidence index dropped to 100.8 in August from July's score of 103.6.

The consumer confidence survey was conducted between August 6 and 13 among 2,500 households.

The sub-index for households' assessment of current living standards decreased to 90 from 91 in July. Their prospective living standards also worsened, with the respective index falling to 94 from 95.

Similarly, the index measuring consumers' prospective household income decreased from 100 to 98.

Consumers' interest rate expectations decreased in August, with the measure falling to 93 from 95.

The expected inflation rate for the upcoming year was 2.9 percent, unchanged from July.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Swiss Consumers More Pessimistic In August (52 min(s), 09 sec(s) ago)
(RTTNews) - Confidence among Swiss consumers remained more negative in August, survey results from ...Full Story»

U.S. Job Growth Misses Estimates In August But Unemployment Rate Dips (19 min(s), 09 sec(s) ago)
(RTTNews) - Employment in the U.S. rose by less than expected in the month of August, according to ...Full Story»

Czech Industrial Output Decline Softens; Trade Deficit Narrows (17 min(s), 51 sec(s) ago)
(RTTNews) - The Czech Republic's industrial production decreased for the fifth straight month, ...Full Story»

U.S. Employment Climbs Less Than Expected In August (24 min(s), 51 sec(s) ago)
(RTTNews) - Employment in the U.S. rose by less than expected in the month of August, according to ...Full Story»

Eurozone GDP Growth Slows In Q2 (50 min(s), 51 sec(s) ago)
(RTTNews) - Euro area economic growth rate for the second quarter was revised down as the positive ...Full Story»

France Industrial Output Falls 0.5% (01 hr(s), 17 min(s), 51 sec(s) ago)
(RTTNews) - France's industrial production decreased more-than-expected in July after reboundi ...Full Story»

Italy Retail Sales Rebound 0.5% (02 hr(s), 04 min(s), 51 sec(s) ago)
(RTTNews) - Italy's retail sales increased more-than expected in July after falling in the pre ...Full Story»

French Trade Gap Narrows In July (02 hr(s), 35 min(s), 51 sec(s) ago)
(RTTNews) - France's trade deficit decreased in July from a year ago as imports fell faster th ...Full Story»