Korea’s consumer confidence fell for the third month in a row in February on intensifying trade pressure from Washington and accelerating US monetary tightening, a central bank poll showed on Feb. 27.
The composite consumer sentiment index for this month stood at 108.2, down 1.7 points from the previous month, according to a survey by the Bank of Korea.
The index has been on a steady decline since November when it hit a seven-year high of 112.
A reading above 100 means optimists outnumber pessimists.
The BOK said its index measuring people‘s sentiment regarding the current economic conditions fell one point to a five-month low of 89 in February.
In addition, an index measuring the public’s feelings toward economic conditions over the next six months slid to 98 from 102 over the cited period.
The latest monthly index is based on a survey of 1,965 households throughout the country, which was conducted from Feb. 12-20.
By Song Seung-hyun and newswires (firstname.lastname@example.org