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S. Korea's consumer sentiment climbs to six-month high in March

Economy 06:00 March 27, 2019

SEOUL, March 27 (Yonhap) -- South Korea's consumer sentiment rose for the fourth straight month to hit a six-month high in March despite concerns over an economic slowdown, a central bank poll showed Wednesday.

The composite consumer sentiment index (CCSI) for this month stood at 99.8, up 0.3 point from a month earlier, according to the Bank of Korea (BOK). A reading below the long-term average of 100 means pessimists outnumber optimists.

It is the highest number since September, when the index stood at 100.0.

The index measuring people's sentiment regarding current economic conditions, one of the key components of the index, stayed flat at 70 for March. Their assessment of overall economic conditions for the next six months dropped one point to 79.

But the indices measuring people's sentiments on living conditions and spending for the next six months gained two points and one point, respectively.

"The index got closer to the benchmark 100 points in March, but the monthly gain was minimal due to mixed results of each component of the CCSI," a BOK official said.

S. Korea's consumer sentiment climbs to six-month high in March - 1

brk@yna.co.kr
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