South Korea's consumer sentiment rebounds in May
- 6 years ago
South Korea's consumer confidence rebounded in May after five straight months on the decline since December.
The Bank of Korea says the country's consumer sentiment index rose to 107-point-nine in May, up zero-point-eight points from the previous month.
A reading above 100 means there are more optimists than pessimists about the economic conditions in the coming months.
The central bank attributed the boost to the recent thaw in inter-Korean relations and prospects for a North Korea-U.S. summit in June.
Eased concerns over a possible trade clash between the U.S. and China also supported the turnaround.
The Bank of Korea says the country's consumer sentiment index rose to 107-point-nine in May, up zero-point-eight points from the previous month.
A reading above 100 means there are more optimists than pessimists about the economic conditions in the coming months.
The central bank attributed the boost to the recent thaw in inter-Korean relations and prospects for a North Korea-U.S. summit in June.
Eased concerns over a possible trade clash between the U.S. and China also supported the turnaround.