BUSINESS Consumer sentiment improves in S. Korea

BUSINESS

Consumer sentiment improves in S. Korea

China Daily

15:06, November 28, 2019

A night view of Seoul, Republic of Korea. (Photo: IC)

Sentiment among South Korean consumers over economic situation improved for the third consecutive month on eased concerns about the global trade feud, central bank data showed on Wednesday.

The composite consumer sentiment index (CCSI) gained 2.3 points over the month to 100.9 in November, advancing above 100 in seven months, according to the Bank of Korea.

The sentiment was enhanced for three straight months as worry moderated about the global trade spat. Outbound shipment takes up about half of the export-driven economy.

The country's export kept sliding for the 11th straight month through October.

To bolster the lackluster economy, the BOK slashed its benchmark interest rate from 1.50 percent to a record low of 1.25 percent last month, just three months after cutting the rate by 25 basis points in July.

Related Stories

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue