South Korean Consumer Confidence Rises to 4-Month High, BOK Says
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South Korean consumer confidence rose to the highest level in four months, buoyed by signs of improvement in the U.S. economy and progress in containing Europe’s sovereign debt crisis.
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.