The Korea Herald

피터빈트

Consumer sentiment hits near 8-year low in November

By 임정요

Published : Nov. 25, 2016 - 09:51

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South Korea's overall consumer sentiment fell to the lowest point in nearly eight years this month, central bank data showed Friday, reflecting a further economic slowdown.

The composite consumer sentiment index for November came to 95.8, the lowest since April 2009 when it stood at 94.2, according to the data from the Bank of Korea (BOK).

A reading above 100 means optimists outnumber pessimists.

A separate index gauging the people's sentiment toward the current economic condition came to 60 for November, down from 72 in October.

An index measuring the people's sentiment toward future economic conditions stood at 64, down from 80 during the same period, according to the BOK.

People's sentiments toward employment also deteriorated, with an index measuring the sentiment toward job opportunities coming to 68 in November, down from 79 in the previous month, according to the BOK.

The monthly index is based on a survey of 2,056 households throughout the country from Nov. 11 to 18. (Yonhap)