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Financial News: South Korea Consumer Sentiment Plummets In March

South Korea Consumer Sentiment Plummets In March

03/26/2020 - 17:56:00 (RTTNews)

(RTTNews) - Consumer confidence in South Korea tanked in March, the Bank of Korea said on Friday after its monthly index tumbled 18.5 points to a reading of 78.4.

Consumer sentiment regarding current living standards was eight points lower than in February, at 83, and that concerning the future outlook for living standards was 10 points down, to 83.

Consumer sentiment related to future household income was 10 points lower than in February, at 87, and that concerning future household spending was 13 points lower than in the previous month, at 93.

Consumer sentiment concerning current domestic economic conditions was 28 points lower than in February, at 38, and that concerning future domestic economic conditions was 14 points down, at 62.

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