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S. Korea's consumer sentiment index falls record 18.5 points m/m due to COVID-19 outbreak Updated: 2020-03-27 07:03:46 KST

The first economic data related to the COVID-19 outbreak is starting to filter in and to the surprise of no one it doesn't make for pretty reading.
We now know that South Korea's consumer sentiment tumbled by the most on record in March.
The Bank of Korea's Composite Consumer Sentiment Index was down over 18 points on-month to 78.4 this month.
That's the biggest monthly drop since related data was first released in July 2008.
The BOK attributed the sharp decrease to the pandemic hurting the economy and household income.
In addition, separate data shows the current financial status as well as the outlook for the financial status of households were both sharply down.
The outlook for job opportunities also fell at an alarming rate, down 17-points.
KOGL : Korea Open Government License
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