Economics
Korea Consumer Confidence Hits 3-Year High as Recovery Quickens
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South Korea’s consumer confidence strengthened to a high of almost three years in May, fueling optimism that the economy is on track for a strong recovery from the pandemic slump.
The consumer sentiment index rose for a fifth straight month to reach 105.2, the highest since June 2018, the Bank of Korea said in a statement Tuesday. A reading above 100 indicates optimism outweighs pessimism.