South Korea consumer sentiment extends gains, inflation expectations flat
Tweet
Share
E-mail
A customer picks up a lunch box at a convenience store in Seoul, South Korea, June 24, 2022. Picture taken June 24, 2022. REUTERS/ Heo Ran/FILE PHOTO
SEOUL (Reuters) - Consumer sentiment in South Korea ticked further up in June to the highest in just over a year, while inflation expectations remained unchanged, a central bank survey showed on Wednesday.
The Consumer Sentiment Index rose to 100.7 in June from 98.0 in May, the highest since May 2022, according to the Bank of Korea's monthly survey of consumers.
The latest index snapped a 12-month streak below 100, which separates optimism from pessimism compared with the average of last two decades.
The median of consumers' inflation expectations for the next 12 months remained the same as last month at 3.5%, which marked its lowest since May 2022, the survey showed.
(Reporting by Hyonhee Shin and Youn Ah Moon; Editing by Ed Davies)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Stablecoin issuer Tether says KPMG US has audited its 2025 statements
- Siege in Palestinian village draws US criticism as Israeli settlers dig in
- Culture clash: How Orcel's profit-boosting recipe could prove a bitter pill for Commerzbank
Create E-mail Alert Related Categories
ReutersRelated Entities
University of Michigan Consumer Sentiment IndexSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
