South Korea’s consumer sentiment improved in March, survey data from the Bank of Korea showed Tuesday.
The consumer confidence index rose to 100 from 98 in February. A reading above 100 means optimists outnumber pessimists and a score below 100 suggests the opposite.
The indices measuring current living standards and their future outlook were both one point higher than in February, at 91 and 97 respectively.
The indicator for current domestic economic conditions gained 4 points to 69 and that for future economic situation climbed 7 points to 82.
The consumer sentiment index related to prospective changes in household income was 99, up from 98 in February, while that concerning expected spending remained unchanged at 105.
The expected inflation rate remained at 2.5 percent. The survey was conducted among 2,200 households between March 14 and 21.
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