South Korea’s consumer confidence has rebounded after falling to its lowest point since the global financial crisis.
 
According to the Bank of Korea on Friday, the nation’s composite consumer sentiment index(CCSI) for February was estimated to be 94-point-four, up one-point-one points from January.
 
It is the first time the consumer index has increased since October.
 
The index which hovered above 100 between July and October fell below the threshold to 95-point-seven in November and had slid downhill for the following three months. January’s level was the lowest to be recorded since March 2009.
 
The CCSI is produced by studying six key indices that gauge consumer confidence. Readings above 100 means optimists outnumber pessimists.
 
The latest index was calculated after the BOK surveyed 22-hundred households across the nation between February tenth and 17th. A total of two-thousand-39 households responded to the bank’s survey.