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South Korea Consumer Confidence Improves In May

South Korea's consumer confidence improved in May after falling in the previous month, survey results from Bank of Korea showed on Tuesday.

The consumer confidence index rose to 77.6 in May from 70.8 in April. In March, the index reading was 78.4.

The indicator for consumer sentiment regarding current living standards increased two points to 79, while that concerning the outlook for living standards rose six points to 85 in May.

Consumer sentiment related to future household income and future spending increased four points each to 87 and 91, respectively.

Consumer sentiment concerning current domestic conditions rose five points to 36 and future domestic economic conditions increased eight points to 67.

The expected inflation rate for the following year was 1.6 percent versus 1.7 percent a month ago.

The survey was conducted among 2,500 households between May 11 and 18.

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