SEOUL, July 12, 2024 — In a positive turn for South Korea's economic outlook, the latest Thomson Reuters IPSOS Primary Consumer Sentiment Index (PCSI) reveals an uptick in consumer confidence. The PCSI for July 2024 has climbed to 41.56, up from the 39.47 recorded in June 2024.
The updated data, published on July 12, 2024, indicates a month-over-month improvement in consumer sentiment, suggesting increasing optimism among South Korean consumers regarding their economic future. This rise in the index follows a prior month showing a less optimistic view, as compared to the data from the month before June.
The change in the indicator highlights a growing confidence in the economy, potentially driven by recent economic policies or favorable market conditions. The increase from June's figure to the July figure suggests that consumers feel more secure about their financial prospects and overall economic stability in South Korea.
