Korea’s consumer sentiment rebounds in Dec.


0

South Korea’s consumer sentiment rebounded slightly in December on hopes for a pay hike next year, a central bank poll showed Thursday.

The composite consumer sentiment index for this month stood at 97.2, up 1.2 from a 21-month low of 96 a month earlier, according to the Bank of Korea. A reading below 100 means pessimists outnumber optimists.

(Yonhap)

It marked the first turnaround in three months, as the index had slid since October.

The BOK said many people expected their earnings to rise next year.

“Increasing minimum wage may have affected the optimistic atmosphere to some extent,” said a BOK official.

The South Korean government set the minimum wage at 8,350 won ($7.42) per hour for next year, up 10.9 percent from this year’s level, as part of its income-led growth policy.

But the index measuring people’s sentiment regarding current economic conditions, one of key components for the index, remained flat at 62 in December. Their assessment of overall economic conditions for the next six months was also unchanged at 72.

The BOK monthly index for December was based on a survey of 2,172 households throughout the country and was conducted from Dec. 11-18. (Yonhap)


Like it? Share with your friends!

0

What's Your Reaction?

hate hate
0
hate
confused confused
0
confused
fail fail
0
fail
fun fun
0
fun
geeky geeky
0
geeky
love love
0
love
lol lol
0
lol
omg omg
0
omg
win win
0
win
Choose A Format
Story
Formatted Text with Embeds and Visuals
Video
Youtube, Vimeo or Vine Embeds
List
The Classic Internet Listicles
Open List
Submit your own item and vote up for the best submission
Countdown
The Classic Internet Countdowns
Poll
Voting to make decisions or determine opinions
Ranked List
Upvote or downvote to decide the best list item
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Meme
Upload your own images to make custom memes
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF
Gif
GIF format