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South Korea's consumer confidence recovers from MERS

Staff writer |
Confidence among South Korean consumers over the economy improved for three months in a row, indicating a recovery from the effect of the Middle East Respiratory Syndrome (MERS) outbreak, central bank data showed.

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Composite consumer sentiment index (CCSI), which reflects consumers'assessment of economic conditions, rose one point from a month earlier to 103 in September, according to the Bank of Korea (BOK).

Sub-indices went up. Sentiment on current economic conditions increased two points from a month earlier to 73 in September, with the reading for prospective economic situations gaining one point to 88.

Sentiment on prospective household income was unchanged at 100, but the figure for prospective consumption inched up one point to 107.

Inflation expectations among consumers over the next 12 months recorded 2.5 percent in September, unchanged from the previous month.

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