Korea: Consumer confidence hits highest reading since June in November
Consumer confidence rose to 107.6 in November from October’s 106.8. November’s result marked the strongest sentiment since June. As a result, the index remained above the 100-point threshold, and indicated optimism among consumers.
Overall, the slight ease in restrictions from 1 November likely boosted sentiment. In more detail, consumers became more upbeat about their prospective spending, as well as becoming slightly less pessimistic about the future of the labor market. Meanwhile, households also took a more positive stance toward the future of interest rates.