South Korean consumer sentiment index rises strongly in April

The South Korean composite consumer sentiment index rose in the month of April. The Bank of Korea’s consumer confidence index rose 4.5 points from March’s 97 points to 101.2 in April. Consumer sentiment for current living standards rose one point to 90, while for their future outlook it rose three points to 98.

Meanwhile, consumer sentiment for current domestic economic conditions rose 10 points in April from March, reaching 69, whereas for their future outlook the sentiment rose 12 points to 89. Consumer sentiment concerning future household income rose one point to 99, whereas for expected spending the sentiment rose two points to 106. Meanwhile, the expectation for inflation for 2018 came in at 2.6.