S. Korean Consumer Confidence Nearly Highest in 3 Years

(MENAFN- Qatar News Agency) Consumer confidence in South Korea has surged to a nearly three-year high. In a report released Monday, the Bank of Korea said the consumer sentiment index (CSI) stood at 107 in November, up one point from the previous month A reading above 100 indicates optimists outnumber pessimists about economic conditions, according to Korea's (KBS WORLD) website The figure is the highest to be recorded since February 2011 when the index read 109 The index has remained above 100 since December of last year A sub-index measuring current living conditions climbed by one point to 92 during the same period and a sub-index gauging the outlook on living conditions jumped from 99 to 100 An index measuring outlook on spending surged from 109 to 110 while the outlook on inflation for next year stood at 2.9%, or the same as last month.