S. Korea's consumer sentiment index for August falls to lowest level since Jan. 2017
- 5 years ago
South Korea's consumer sentiment fell for the fourth consecutive month in August...recording its lowest level since January 2017.
According to the Bank of Korea, the figure stands at 92-point-five for this month, below the 100 threshold, meaning there are more pessimists than optimists about the local economy.
The figure is down almost three-and-a-half points from June.
The central bank attributed the fall to Japan's export restrictions, the escalating U.S.-China trade war and worsening stock market performance.
According to the Bank of Korea, the figure stands at 92-point-five for this month, below the 100 threshold, meaning there are more pessimists than optimists about the local economy.
The figure is down almost three-and-a-half points from June.
The central bank attributed the fall to Japan's export restrictions, the escalating U.S.-China trade war and worsening stock market performance.