South Korea’s Consumers Turn Less Pessimistic as Inflation Eases

12/27/2023 08:32
South Korea’s Consumers Turn Less Pessimistic as Inflation Eases

South Korean consumers turned less pessimistic this month as inflation eased and exports improved.

South Korean consumers turned less pessimistic this month as inflation eased and exports improved.

The consumer survey index increased by 2.3 points to 99.5 in December, reversing course after four months of declines, the Bank of Korea said Wednesday in a statement. The reading below 100 indicates there are still more pessimists than optimists.

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