South Korea’s consumer confidence improves

SEOUL (XINHUA) – Confidence among South Korean consumers over economic situations improved in the first month of this year, central bank data showed yesterday.

The composite consumer sentiment index (CCSI) stood at 104.2 in January, up 3.7 points from the previous month, according to the Bank of Korea (BOK).

The reading above 100 indicates optimists outnumbering pessimists. The result was based on a survey conducted on January 10-17.

The eased worry about the global trade dispute enhanced consumer sentiment, raising expectations for an export recovery.

The country’s export kept skidding for the 13th consecutive month through December owing to the global trade spat and the global chip industry’s downturn.