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Friday, 26 August 2016

Korea - consumer sentiment hits 8-month high in August: ARIRANG NEWS

Published on Aug 25, 2016
소비자심리 8개월만에 최고 기록
Korea's consumer sentiment hit an eight-month high in August,... despite lingering concerns about the government's corporate restructuring drive.

The Bank of Korea says the consumer sentiment index came in at one-hundred-two this month, up one point from July.

A reading above one-hundred means optimists outnumber pessimists.

The monthly index reflects consumers' outlook on the economy, their living conditions and future spending plans.

The uptick follows S&P's decision to upgrade Korea's credit rating from DOUBLE-A-MINUS to DOUBLE A,... and the government's supplementary budget plan.

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