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Financial News: South Korea Consumer Confidence Improves In August

South Korea Consumer Confidence Improves In August

08/25/2020 - 00:57:00 (RTTNews)

(RTTNews) - South Korea's consumer confidence improved for the fourth straight month in August, survey results from Bank of Korea showed on Tuesday.

The consumer confidence index rose to 88.2 in August from 84.2 in July.

The indicator measuring current living standards remained unchanged at 85 in August, while that concerning the outlook for living standards rose two points to 89.

Consumer sentiment related to future household income increased two points to 92 and future spending index grew four points to 99.

Consumer sentiment concerning current domestic conditions and future domestic economic conditions rose five points each to 54 and 75.

The expected inflation rate for the following year was 1.8 percent versus 1.7 percent a month ago.

The survey was conducted among 2,500 households between August 10 and 14.

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