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Financial News: South Korea Consumer Confidence Improves In May

South Korea Consumer Confidence Improves In May

05/29/2018 - 00:16:00 (RTTNews)

(RTTNews) - South Korea's consumer confidence improved for the first time in six months in May, though marginally, survey data from Bank of Korea showed Tuesday.

The consumer sentiment index rose to 107.9 in May from 107.1 in April.

Consumer sentiments regarding current living standards and their future outlook remained the same as in March, at 95 and 102 respectively.

Consumer sentiment as to future household income dropped marginally, while that concerning future spending increased by 1.0 point to 108 in April.

The index measuring current domestic economic conditions climbed to 89 from 86 and that regarding future domestic economic conditions strengthened from 96 to 101.

The expected inflation rate over the following year was 2.6 percent.

The survey was conducted among 2,200 households between May 11 and 18.

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