South Korea's consumer sentiment decreased in August due to US economic slowdown concerns.
South Korea's consumer sentiment fell in August due to US economic slowdown concerns, causing the composite consumer sentiment index (CCSI) to drop 2.8 points to 100.8. Inflation expectations remained at 2.9% for the next 12 months, and the Bank of Korea has kept its benchmark interest rate at 3.5% since January 2023. The housing market is expected to heat up further, with the home price outlook index rising to 118 in August.
August 20, 2024
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