Consumer sentiment falls in March amid concerns over weak domestic demand, sluggish export growth

Consumer sentiment fell for the first time in three months this March amid sluggish spending and slowing exports.

According to the Bank of Korea on this Tuesday the Composite Consumer Sentiment Index dropped 1-point-8 points on month to 93-point-4 this month.

The index retreated to a 2-year low last December following the country's short-lived martial law before rebounding in January and February.

A reading below 100 means consumers are more pessimistic than optimistic about the economy.