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Financial News: South Korea Consumer Confidence Improves In January

South Korea Consumer Confidence Improves In January

01/25/2019 - 09:18:00 (RTTNews)

(RTTNews) - South Korea's consumer confidence improved in January after easing for two months, survey data from the Bank of Korea showed on Friday.

The consumer confidence index rose to 97.5 in January from 96.9 in December.

Consumer sentiment regarding current living standards rose to 90, while concerning their future outlook remained the same as in December, at 91.

Consumer sentiment related to household income dropped marginally to 98 from 99, while households' future spending remained same at 109.

The index measuring the current domestic economic conditions climbed to 65 from 62, and that regarding future domestic economic conditions strengthened from 72 to 76.

Expectations regarding future employment and savings also improved.

The expected inflation rate for the following year was 2.3 percent.

The survey was conducted among 2,251 households between January 10 and 17.

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