Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Econ>S Korea May Composite Consumer Sentiment Index Rebounds to 106.1; Assessment of Current Domestic Econ Posts Largest Gain in Over 5.5 Years
Recommend 2 Positive 3 Negative 2 |
||||
|
||||
|
The Bank of Korea released the results of its May consumer survey. Supported by a sharp rally in the S Korea stock market and strong semiconductor exports, S Korea's May Composite Consumer Sentiment Index rebounded to 106.1 from the previous 99.2, ending a two-month decline. The survey was conducted from May 8 to 15, covering 2,500 households nationwide, with 2,253 households responding. A reading above 100 indicates that optimists outnumber pessimists, and vice versa. During the period, households' assessment of current living standards rose to 93 from 91 previously. Expectations for future living standards increased to 97 from 92. Households' assessment of current household income edged up to 100 from 98 previously. Expectations for future household income rose to 110 from 108. Assessment of the current domestic economic environment surged to 83 from 68 previously, jumping 15 points MoM and marking the largest increase since October 2020, the biggest gain in over five and a half years. Expectations for the future domestic economic environment climbed to 93 from 79. Expectations for future employment opportunities increased to 88 from 82 previously. Inflation expectations for the coming year eased to 2.8% from 2.9%. A Bank of Korea official said the improved optimism was driven by strong semiconductor shipments, better-than-expected first-quarter GDP and upward revisions to economic growth forecasts by major institutions, while the stock market rally further boosted sentiment. (da/u) Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
AASTOCKS Financial News |
||||
Copied to Clipboard
 |
||||
