Korea: Consumer confidence ticks up in March but remains pessimistic
The Bank of Korea’s composite consumer sentiment index rose to 99.8 points in March from 99.5 points in February. Despite the increase, the index remained below the 100-point threshold that separates pessimism from optimism among households.
The improvement in consumer confidence in March was chiefly driven by rosier views on future living standards and household spending. In contrast, consumers grew slightly more downbeat regarding their current living standards.