Consumer Sentiment Picks Up in August

  • Arirang News

    August 28, 2014 11:02

    The Bank of Korea said Wednesday that the consumer sentiment index stood at 107 in August, up two points from a month earlier.

    The figure marked a rebound from July, suggesting that consumers might be returning to their spending habits that were dented after April's ferry disaster.

    The index hovered at around 108 in the first four months of this year, but dropped to 105 in May following the disaster.

    The central bank says the improvement was spurred by a cut in the key interest rate this month and government stimulus measures that were led by Finance Minister Choi Kyung-hwan.

    While indications are that consumer sentiment is improving, the August figure is still below the level posted before the ferry tragedy.

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