South Korea's consumer confidence falls to new low: Nielsen

By Park Sae-jin Posted : January 28, 2015, 17:26 Updated : January 28, 2015, 17:26

 

South Korea's consumer confidence index fell by four points to 48 in the fourth quarter last year from the previous quarter, falling two notches to 59th place among 60 countries surveyed, a leading global information and measurement company said on Tuesday (local time).  

Italy was placed at the bottom of the list with 45, down two points from the July-September period, according to the Nielsen Global Consumer Confidence Index which was measured based on an online survey of more than 30,000 consumers in 60 nations worldwide. A reading above 100 on the index means optimists outnumber pessimists.

India posted the highest score for three consecutive quarters. Its index rose to 129 points in the fourth quarter from 126.2 points three months earlier, Nielsen Company said. 

The United States, China and Japan saw their index drop by two points to 106, four points to 107 and four points to 73, respectively.

The comparable figure stood at 98 for Germany, up one point from the previous quarter; and 94 for Britain, up one point from three months earlier.

Shin Eun-hee, head of Nielsen Korea, said: "Despite the government's stimulus measures, South Korea's consumer sentiment worsened during the last quarter, an indication that the country's economy may be mired in a protracted slump."
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