South Korean consumer sentiment has improved as more people predicted better economic conditions in the future, as well as eased anxiety over economic uncertainties such as Britain’s decision to leave the European Union(EU).

According to the Bank of Korea on Wednesday, the nation’s composite consumer sentiment index(CCSI) for July stood at 101, up two points from the previous month.

It ties with April’s 101 for the highest level since last December's 102.

The index rose for two consecutive months from 98 in February to 100 in March to 101 in April, but it fell to 99 in May and for June after the government beefed up efforts for corporate restructuring.

A CCSI reading above the benchmark 100 means that optimists outnumber pessimists.

The monthly index is based on a survey conducted on two-thousand-70 households in South Korea between July 13th and 20th.