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S.Korea's consumer sentiment improves for 5 months

SEOUL
2021-05-25 11:01

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SEOUL, May 25 (Xinhua) -- Sentiment among South Korean consumers over economic situation improved for five straight months due to an export recovery and the launch of mass vaccinations, central bank data showed Tuesday.

The composite consumer sentiment index (CCSI) gained 3 points over the month to 105.2 in May, according to the Bank of Korea (BOK).

The index continued to increase for the fifth consecutive month, hovering above 100 for three straight months. The reading above 100 indicates optimists outnumbering pessimists.

The improved sentiment came as the country's export kept an upward trend for six months through April. Domestic demand was bolstered by the launch of mass vaccinations in late February.

Sub-indices gained ground. The index for current economic situations advanced 8 points to 85 in the cited month, and the prospective index for economic outlook went up 5 points to 99.

Inflation expectations, which reflect outlook among consumers over headline inflation for the next 12 months, stood at 2.2 percent in May, up 0.1 percentage point from the previous month.
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