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Financial News: South Korea Consumer Confidence Weakens Further

South Korea Consumer Confidence Weakens Further

01/23/2017 - 23:26:00 (RTTNews)

(RTTNews) - South Korea's consumer confidence weakened for the third consecutive month in January, figures from Bank of Korea showed Tuesday.

The composite consumer sentiment index fell to 93.3 in January from 94.1 in December.

Consumer sentiment on current living standards decreased to 87 in January from 89 in the previous month. Similarly, their outlook worsened by 2.0 points to 87.0.

The index measuring current domestic economic conditions dropped to 51 in January from 55 in the prior month. At the same time, their outlook was two points higher at 67.0.

The expectation for inflation over the following year was 2.8 percent. The survey was conducted among 2,200 households between January 10 and 17.

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