South Korean Consumer Confidence Rises to 4-Month High, BOK Says
The sentiment index rose to 101 in March from February’s 100, the Bank of Korea said in an e-mailed statement today. A reading above 100 indicates optimists outnumber pessimists.
The expected inflation rate over the next year was 3.9 percent, slower than the previous month’s estimate of 4 percent, today’s report showed.
The consumer confidence index is based on a survey of 2,084 households in 56 cities, conducted by mail and telephone between March 13 and March 20.
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