Arab Today, arab today korean households withhold spending on clothing despite income increase
Last Updated : GMT 22:49:43
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Arab Today, arab today

Korean households withhold spending on clothing despite income increase

Arab Today, arab today

Arab Today, arab today Korean households withhold spending on clothing despite income increase

Spending on clothes
Sejong - Yonhap

South Korean households spent less on buying clothes and shoes last year, the first such fall on record, data indicated Wednesday, a trend economy watchers say reflect crimped spending.
According to Statistics Korea, a two-person household spent an average 169,000 won (US$153) per month on clothes and shoes last year, down 0.1 percent from the year before. This is the first dip since recordkeeping began in 2003.

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