South Korea Consumer Confidence Jumps To 11-Month High

Confidence among South Korean consumers climbed to the highest level in 11 months in April, a report from Bank of Korea showed Wednesday.

The consumer confidence index rose to 104 in April from 101 in March. The latest figure was the highest since May last year. Confidence rose for a third straight month.

The indicator assessing the consumer sentiment on their current living standards rose three points to 87, and that concerning the outlook was also up 3 points to 97.

Consumer sentiment regarding current general economic conditions rose by 7 points to 77. The indicator measuring households' expectations for the economy increased by 8 points to 90.