South Korea consumer sentiment index rises to 107.0 in August

Nathan Andrada – Fourth Estate Cooperative Contributor

Seoul, South Korea (4E) – Consumer sentiment in South Korea improved in August with the Bank of Korea’s index for consumer confidence rose to 107.0 in August from 105.0 in July.

In the same survey, consumer sentiment on current living standards rose by a point from the prior month’s score of 92, while the gauge for outlook stayed firm at 100.

Consumer sentiment about present domestic economic conditions rose by six points to 81 in August from the prior month, while sentiment on future outlook rose eight points to 100.

The index on prospective changes in household income stayed at a score of 101, while expected spending was unchanged at 109.

Wednesday’s results also showed that the inflation rate expectations over the next 12 months stood at 2.8 percent.

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