Consumer sentiment in the country improved for the third consecutive month in February, remaining positive for the second consecutive month, amid slowing inflation and a recovery in exports.

According to the Bank of Korea(BOK) on Tuesday, the composite consumer sentiment index rose zero-point-three points from last month to stand at 101-point-nine in February, surpassing the 100-point threshold to indicate that optimists outnumber pessimists.

The index topped the 100-mark for the second consecutive month. 

The BOK attributed the improvement of consumer sentiment to the slowdown in inflation and recovery in exports.

A sub-index measuring the economic outlook of consumers dropped one point on-month to 80 in February, while the index for housing prices remained unchanged at 92.

Expected inflation for the year ahead marked three percent in February, unchanged from the previous month.