Consumer Sentiment Drops to 5-month Low

  • Arirang News

    September 27, 2013 11:15

    A key indicator of consumer confidence dropped to a five-month low in September due to soaring housing prices. The Bank of Korea said Thursday that its consumer sentiment index tallied at 102 for this month, down from 105 in August.

    The central bank's index has stayed above 100 throughout this year. A reading above 100 means optimists outnumber pessimists.

    The central bank also attributed the drop to a pervasive feeling among the public that they overspent during the Korean Thanksgiving holiday last week.

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