RTTNews - South Korea's consumer confidence rose to a near seven-year high in July, helped mainly by the government stimulus package and interest rate cuts, the Bank of Korea said Monday.

The consumer sentiment index climbed to 109 in July from 106 in the preceding month. A reading above 100 indicates that optimists outnumber the pessimists. The central bank said the index rose to its highest level since the third quarter of 2002, when it stood at 114.

The consumer sentiment survey was conducted among 2,200 households in 56 major cities between July 13 and July 20.

For comments and feedback: contact editorial@rttnews.com