South Korea Jan consumer sentiment hits eight-month high

South Korea’s key consumer sentiment index rose to its highest in eight months in January from the month before, holding above the neutral point for the first time since mid-last year and raising hopes for a pick-up in consumption.

The consumer sentiment index from a monthly Bank of Korea survey stood at 102 in January, up from a reading of 99 in December, the central bank said in a statement on Monday.

January’s reading was the highest since May last year and it stood above the neutral point of 100 for the first time in five months.

via Business feed http://www.scmp.com/business/economy/article/1137738/south-korea-jan-consumer-sentiment-hits-eight-month-high