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Financial News: South Korea Consumer Sentiment Improves In September

South Korea Consumer Sentiment Improves In September

09/25/2019 - 23:49:00 (RTTNews)

(RTTNews) - South Korea's consumer confidence improved for the first time in five months in September, but households' inflation expectations eased to the lowest on record, survey results from Bank of Korea showed Thursday.

The consumer confidence index rose to 96.9 in September from 92.5 in August. This was the first increase since April.

Consumer sentiment regarding current as well as future living standards gained 2 points and 3 points, respectively.

At 97, consumer sentiment related to future household income was three points higher than in the previous month, and that concerning their future spending was one point higher, at 106.

Consumer sentiment concerning current domestic economic conditions rose five points to 68, and that regarding future domestic economic conditions climbed nine points to 75.

The expected inflation rate for the following year dropped to 1.8 percent from 2 percent in August. This was the weakest on record.

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