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The Korea Herald
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THE INVESTOR
March 29, 2024

Economy

Consumer sentiment falls in Jan.

  • PUBLISHED :January 26, 2018 - 10:07
  • UPDATED :January 26, 2018 - 10:07
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[THE INVESTOR] Korea’s consumer sentiment in January fell for the second straight month over rising oil prices and the Korean currency’s strength, a central bank survey showed on Jan. 26.

The composite consumer sentiment index for January stood at 109.9, down 0.7 point from the previous month, according to the survey by the Bank of Korea.

A reading above 100 means that optimists outnumber pessimists.

The BOK attributed the decline in consumer confidence to a steady rise in oil prices and the won‘s strength against the US dollar and the Japanese yen.

The BOK also said its index measuring people’s sentiment regarding current economic conditions dropped to 90 in January, down 5 points from a month earlier.

In addition, an index measuring the public’s feelings toward economic conditions in the next six months fell to 102 from 105 over the cited period, the BOK said.

The latest monthly index is based on a survey of 2,008 households throughout the country from Jan. 11-18.

By Song Seung-hynu and newswires (ssh@heraldcorp.com)

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