South Korea's consumer sentiment in September rebounded for the first time in three months despite the continuous spread of COVID-19.
Data from the Bank of Korea shows, the Composite Consumer Sentiment Index came in at 1-hundred-3.8, up 1.3 points from the previous month.
This follows consecutive months of seeing deteriorated consumer sentiment from July to August amid the resurgence of the virus.
While the country's daily caseload for the virus is still at its peak, hovering around 2-thousand, progress in vaccination and robust exports led to the improvement.
The central bank said, the longer the pandemic lasts, the less impact the virus situation has on consumers.
In fact, even as the fourth wave of infections eroded consumer sentiment in July and August, the reading was still above 100, indicating that more people were optimistic about the state of the economy than pessimistic.
However,it is yet too early to say whether or not the figure will continue an upward trend in the months to follow.
The BOK believes that the increase was very limited so that the virus situation, as well as potential changes in social distancing rules could become variables that pull the figure down again.
Kim Sung-min, Arirang News.