S. Korea's consumer sentiment index rose slightly in December

S. Korea's consumer sentiment index rose slightly in December

South Korea's consumer sentiment rebounded this month... after slumping to a 21-month low in November.br The Bank of Korea says the composite consumer sentiment index was at 97-point-2 points in December... up more than 1 point from the previous month.br A reading below 100 indicates there are more pessimists than optimists about the economy,... and the index has been under that level for three months in a row.br The central bank attributed the slight rebound to people expecting to earn more next year -- mainly due to the higher minimum wage.br In Korea, the minimum wage was increased by more than 16-percent this year, and another 10-point-9 percent rise is slated for 2019.


User: Arirang News

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Uploaded: 2018-12-27

Duration: 00:47

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