SEOUL, Feb. 24 (Xinhua) -- Confidence among South Korean consumers rebounded in four months after dropping to the lowest in almost eight years, central bank data showed on Friday.
The composite consumer sentiment index (CCSI) for February stood at 94.4 compared with 93.3 in January, Bank of Korea (BOK) data showed.
Consumer confidence in January tumbled to the lowest since March 2009 when the global financial crisis roiled the global economy, but it rebounded in February for the first time since October last year.
The rebound was attributed to recovery in exports, which posted a double-digit growth in January and continued the momentum for the first 20 days of February.
However, the overall sentiment remained low. The reading below 100 means pessimists outnumbered optimists. It is based on a survey of 2,039 households conducted for the Feb. 10-17 period.
Sub-indices gained ground. Consumer sentiment on current economic situations rose 4 points, with the figure for economic outlook adding 3 points.
Inflation expectations among consumers, which reflect outlook for headline inflation in the next 12 months, came in at 2.7 percent in February, down 0.1 percentage point from the previous month.