S. Korea’s Consumer Sentiment Index Rises by 2 Points

Seoul, June 25 (QNA) – South Korea’s Consumer sentiment has turned around this month after its slight decline following the tragic ferry sinking in April.

The Bank of Korea said Wednesday that this month’s consumer sentiment index (CSI) stood at 107, up 2 points from May, according to Korea’s (KBS WORLD) website.

A reading above 100 shows consumers that are optimistic about an uptick in the economy outnumber the pessimistic consumers.

The index for sentiment toward the current economic conditions, which compare the current economy from six months ago, also improved from 76 in May to 79.

The sentiment toward the economy six months from now also rose from 94 to 98 during the same time span.

The CSI in May was the lowest in eight months after the sinking of the Sewol on April 16.

The central bank said the consumer sentiment is improving, but is yet to regain the level recorded before the accident. (QNA)

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