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Financial News: S. Korea's Consumer Sentiment At 5-Month High

S. Korea's Consumer Sentiment At 5-Month High

03/24/2017 - 00:57:00 (RTTNews)

(RTTNews) - South Korea's consumer confidence rose to a 5-month high in March, survey data from Bank of Korea showed Friday.

The consumer sentiment index climbed to 96.7 in March from 94.4 in February. This was the highest since October 2016. Nonetheless, a reading below 100 indicates that pessimists outnumber optimists.

Consumer sentiment regarding current living standards gained 1 point. The corresponding index came in at 89. The indicator measuring their future living standard rose 2 points to 95.

The survey was conducted among 2,200 households between March 10 and 17.

The consumer sentiment indicator related to current domestic economic conditions moved up 4 points to 59, and that for their future outlook gained 7 points to 77.

Consumer sentiment concerning future household income rose 1 point to 98, while that on expected spending remained unchanged at 104.

The expectation for inflation over the following year was 2.6.

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