South Korean Sentiment Up 4th Consecutive Month
David Lee, Oct. 28, 2015, 9:37 a.m.
Consumer sentiment improved for the fourth straight month in October, rebounding from the economic fallout of the outbreak of Middle East Respiratory Syndrome in June. The Bank of Korea said the consumer sentiment index hit 105 this month, up two points from the previous month. A reading above 100 indicates optimists outnumber pessimists about economic conditions in the coming month.
The index has been on a steady rise since it tumbled below 100 in June, when fears about the MERS outbreak were at their peak. The latest figures show Koreans had a more positive outlook on income and spending, but they still have a gloomy view about the local economy.