South Korea Aug consumer sentiment reaches 8-month high

SEOUL: South Korea's key measure of consumer sentiment rose to an eight-month high in August, a central bank survey showed on Friday. The Bank of Korea said its composite consumer sentiment index (CCSI) rose to 102 for August, up from July's 101 and the highest level since December 2015.

A reading above 100 shows that consumers who expect living conditions to improve in the coming month outnumber those expecting them to deteriorate.

The central bank statement also showed South Koreans' median inflation expectations for the next 12 months remained unchanged from July at 2.4 percent.

Responses were taken from more than 2,000 households nationwide from Aug. 12-19, the central bank said.