Latest Consumer Sentiment News & Updates

Consumer Sentiment in South Korea Sees Significant Rise in May

By

Seoul, May 22 (IANS) Consumer sentiment rose at the fastest pace in about a year in May, driven by robust semiconductor exports and the stock market rally, the central bank said on Friday.The composite consumer sentiment index (CCSI) stood at 106.1 this month, up 6.9 points from April and surpassing the 100-point mark for the first time in two months, according to a survey by the Bank of Korea (BOK), reports Yonhap news agency.The reading had fallen for two straight months in March and April.The…

South Korean Economy Shows Moderate Growth, Led by Service Sector

By

Seoul, Feb 9 (IANS) The South Korean economy is showing a moderate increase in production, thanks to improved consumption, a state-run think tank said on Monday.”Recently, our economy has maintained moderate production growth, led by the service sector, thanks to improvements in consumption,” the Korea Development Institute (KDI) said in its monthly economic assessment, reports Yonhap news agency.In December, industrial output rose 1.5 percent from the previous month, while retail sales increase…