BoK says consumer sentiment hit a high in July

The improvement in consumer sentiment was attributed to the Lee Jae Myung government’s measures aimed at revitalising growth momentum and boosting private consumption. — The Korea Herald

SEOUL: South Korea’s consumer sentiment rose to a fresh four-year high in July, driven by optimism over the government’s supplementary budget and other measures to prop up the economy, and robust exports, the central bank says.

The composite consumer sentiment index stood at 110.8 this month, up 2.1 points from June, according to a survey conducted by the Bank of Korea (BoK).