South Korea has witnessed a significant rise in consumer confidence, reaching its highest point in four years. This surge is attributed to reduced domestic political uncertainty, new fiscal stimulus measures, and expectations of growth-oriented policies under the incoming administration. According to a Bank of Korea survey released on Tuesday, the composite consumer sentiment index increased by 6.9 points to 108.7 in June. This figure surpasses the critical threshold of 100, which separates optimism from pessimism.
— news from Bloomberg.com
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Korean Consumer Confidence Jumps to 4-Year High on Stimulus Hope
South Korea’s consumer confidence rose to the highest in four years as easing domestic political uncertainty, fresh fiscal stimulus and hopes for pro-growth policies under the new administration buoyed sentiment. n nThe composite consumer sentiment index climbed 6.9 points to 108.7 in June, rising well below the threshold of 100 that divides optimism from pessimism, according to a Bank of Korea survey released Tuesday.