Korea: Consumer confidence rebounds to a ten-month high in April
The Bank of Korea’s composite consumer sentiment index rose to 101.6 points in April from 99.8 points in March. Accordingly, the index now lies above the 100-point threshold that separates pessimism from optimism among households for the first time in six months.
The recovery in consumer confidence came on the back of households’ improved assessment of both their current and future living standards. Moreover, consumers were markedly less downbeat regarding the economic and labor market outlook, and were furthermore less pessimistic about their income prospects.