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Consumer Sentiment at More Than 6-Year High

Written: 2017-06-27 09:37:56Updated: 2017-06-27 09:45:48

Consumer Sentiment at More Than 6-Year High

South Korea's consumer sentiment hit a six-and-a-half-year high on sustained expectations for economic recovery.
 
According to the Bank of Korea on Tuesday, the consumer sentiment index for June was 111-point-one, up three-point-one points from the previous month. The index rose for five consecutive months since February and marked the highest since January 2011.
 
By category, the current domestic economic conditions index, which compares household perceptions of the current state of the economy to six months ago, gained eleven points from the previous month. The prospective domestic economic conditions index, which measures perceived prospects for the economy six months from now, inched up one point.
 
The central bank said favorable conditions in the stock market and exports also appear to have buoyed overall consumer sentiment. 

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