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S. Korean Consumer Confidence Strengthens For Second Month

3/27/2012 12:29 AM ET

South Korean consumer sentiment improved for the second month in March, survey results from the Bank of Korea showed Tuesday.

The consumer confidence index, which measures consumers' overall economic outlook, living conditions and future spending, improved to 101 from 100 a month ago.

Consumer sentiment on current living standards dropped by 2 points to 84, while that concerning the outlook remained stable at 94 in March. At the same time, consumer sentiment regarding current domestic economic conditions and their future outlook rose by 2 points each to 70 and 82, respectively.

Consumer sentiment on prospective changes in total household income rose by 1 point to 97, while that on prospective spending decisions held steady at 108.

The survey showed that consumer sentiment concerning the outlook for price movements dropped by 1 point to 141, and that regarding expected inflation dipped by 0.1 percentage point to 3.9 percentage.

by RTT Staff Writer

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