S Korea Dec consumer sentiment falls sharply
Source:
CNBC
South Korea's key consumer sentiment index fell sharply in December from November on persistent concerns about the euro zone fiscal crisis and an already slowing global economy, a central bank survey showed on Tuesday.
The Bank of Korea said in a statement its consumer sentiment index fell to 99 in December from 103 in November, dropping below the 100-point mark for the third time in five months.
A reading below 100 means consumers expecting future economic and living conditions to deteriorate outnumber those predicting improvement. The four-point fall in December marked the biggest monthly loss since March this year.
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