Consumer sentiment improved for the third consecutive month in November as the nation began to ease social distancing for a gradual transition to living with COVID-19.  

According to the Bank of Korea(BOK) on Tuesday, the Composite Consumer Sentiment Index(CCSI) came to 107-point-six in November, up point-eight points from the previous month. 

A reading above 100 means optimists outnumber pessimists. 

Of the six indexes comprising the CCSI, two indexes gauging people's outlook on consumption and people's assessment of the current economy posted growth. 

A BOK official said that the rise in consumer sentiment is attributed to the transition to living with COVID-19 scheme.

A subindex gauging people's outlook on the key interest rate jumped five points on-month to 138 in November, the highest since March 2011. However, a subindex measuring people's future outlook on housing prices plunged nine points on-month to 116.