South Korea's consumer sentiment index hit record low since April 2017
- 6 years ago
South Korea's consumer sentiment has fallen below the one-hundred mark for the first time since March 2017.
The Bank of Korea says the composite consumer sentiment index in August dropped one-point-eight points from the previous month to 99-point-two points....over sluggish job data, rising consumer prices and the U.S.-China trade spat.
A reading below 100 means there are more pessimists than optimists about the economy.
The sub-index for households' economic outlook fell five points to 82, and the sub-index on current economic conditions fell seven points.
Despite the government's efforts to create jobs and boost wages, outlook on job opportunity dropped two points to 85.
The Bank of Korea says the composite consumer sentiment index in August dropped one-point-eight points from the previous month to 99-point-two points....over sluggish job data, rising consumer prices and the U.S.-China trade spat.
A reading below 100 means there are more pessimists than optimists about the economy.
The sub-index for households' economic outlook fell five points to 82, and the sub-index on current economic conditions fell seven points.
Despite the government's efforts to create jobs and boost wages, outlook on job opportunity dropped two points to 85.