Consumer confidence increased to 104 in May.

By bne IntelliNews May 27, 2011
South Korea's consumer sentiment index (CSI) increased to 104 in May this year, as compared to the rise of 100 recorded in April. As reported by Xinhua News Agency, the inflation expectation recorded an annual average of 3.9% in May, a decrease of 0.1% point as compared to April. The country's consumer prices increased 4.2% y/y in April, as compared to the rise of 4.7% recorded in March. The central bank fixed the policy rate at 3% in May. The consumer sentiment on living standards increased three points on-month to 88 in May, with that on prospective living standards increasing six points to 96. The consumer sentiment on current and future domestic economic conditions increased 12 points and 10 points on-month in May respectively, while consumer sentiment on prospective income and spending remained unchanged.

Consumer confidence increased to 104 in May.

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