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S.Korea's consumer sentiment stays high in December

SEOUL
2019-12-27 12:55

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SEOUL, Dec. 27 (Xinhua) -- The Sentiment among South Korean consumers over economic situations stayed in a relatively high level this month on the government's efforts to increase household income, central bank data showed Friday.

The composite consumer sentiment index (CCSI) stood at 100.4 in December, according to the Bank of Korea (BOK).

It was down 0.5 points from the previous month, but it remained above the standard point of 100, indicating that optimists outnumbered pessimists.

The reading turned upward since August as the government's income-driven economic policy began to take effect in the direction of raising income for the low-income bracket and narrowing income inequality.

Sub-indexes ended mixed. Sentiment over current economic situations added 1 point, with the prospect for future economic conditions inching up 1 point.

Sentiment over the current state of living was unchanged, but the outlook for future state of living fell 1 point.

Inflation expectations, which measure outlook among consumers for headline inflation for the next 12 months, were unchanged at 1.7 percent in December compared with the prior month.
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