A consumer sentiment index below 100 means there are more households who see the future economic conditions worse than now. Meanwhile, a reading above the neutral line of 100 implies there are more consumers who feel more positive in the coming month.
Park Sang-woo, Bank of Korea senior manager in charge of statistical investigation, said, "In September, the consumer sentiment index was measured lower because of Chuseok holidays. But in October it is showing signs of steady recovery. Given the third-quarter GDP increased 1.1 percent from the previous quarter, it looks like the recession is over and a recovery cycle has commenced."
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