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S. Korea's consumer sentiment rises for third consecutive month in Feb.

2019-02-26 3 Dailymotion

2월 소비자심리지수 99.5...3개월 연속 상승<br /><br />South Korea's central bank released its data on consumer sentiment for February... and it shows an upward trend in recent months.<br />Kim Hyesung reports. <br />South Korea's consumer sentiment rose for the third consecutive month in February.<br />The Bank of Korea says its monthly consumer sentiment index climbed two points on-month to 99-point-five. <br />The central bank said the improved performance of the local stock market and an uptick in North Korea-U.S. relations offset negative sentiment stemming from slowing export growth....lifting overall consumer sentiment. <br />After remaining lodged at the 2-thousand level late last year...Korea's benchmark KOSPI bounced back to the 22-hundred range in February on various factors, including rising optimism over a possible U.S.-China trade agreement. <br />However,...the index has remained below 100 for five straight months, meaning there are more pessimists than optimists about the local economy.<br />Among six major sub-indexes, four, including households' view of current economic conditions rose sharply, up five points to 70.<br />The view of future economic conditions jumped four points to 80. <br />Households' income outlook and consumer spending outlook remained unchanged from the previous month, at 98 and 109, respectively.<br />The results were compiled from a survey conducted from February 11th to 18th on 23-hundred households. <br />Kim Hyesung, Arirang News. <br />

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