South Korea's consumer sentiment rebounds in May

2018-05-29 0

South Korea's consumer confidence rebounded in May after five straight months on the decline since December.
The Bank of Korea says the country's consumer sentiment index rose to 107-point-nine in May, up zero-point-eight points from the previous month.
A reading above 100 means there are more optimists than pessimists about the economic conditions in the coming months.
The central bank attributed the boost to the recent thaw in inter-Korean relations and prospects for a North Korea-U.S. summit in June.
Eased concerns over a possible trade clash between the U.S. and China also supported the turnaround.