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Financial News: South Korea Consumer Confidence At 6-Month High

South Korea Consumer Confidence At 6-Month High

04/25/2017 - 00:09:00 (RTTNews)

(RTTNews) - South Korea's consumer confidence strengthened further in April to the highest level in six months, survey data from Bank of Korea showed Tuesday.

The consumer sentiment climbed to 101.2 in April from 96.7 in March. In February, the score was 94.4.

Moreover, the latest reading was the highest since October 2016, when it marked 102.0.

The survey was conduced among 2,200 households between April 11 and 18.

The consumer sentiment indicator related to current domestic economic conditions rose 10 points to 69, and that for their future outlook gained 12 points to 89.

Consumer sentiment concerning future household income increased by 1.0 point from the previous month to stand at 99, and that on expected spending by 2 points to 106.

The expectation for inflation over the following year was 2.6 percent.

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