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The Korea Herald
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THE INVESTOR
March 29, 2024

Economy

Business sentiment to remain dull in Jan.

  • PUBLISHED :December 29, 2016 - 10:40
  • UPDATED :December 29, 2016 - 10:40
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[THE INVESTOR] A majority of South Korean companies forecast their business conditions to remain sluggish in January, a survey showed on Dec. 29.

The business survey index for January came to 89.9, according to the Federation of Korean Industries.

The reading marks a slight drop from 91.7 registered for this month.

A reading below 100 means pessimists outnumber optimists, while a reading above the benchmark means the opposite.

The index has remained below the benchmark for eight consecutive months since June, the FKI noted.

“The companies expressed concerns over a continued downturn amid a lack of any clear direction for the economy,” it said in a press release. “They believe external factors will also continue to adversely affect the country’s exports.”

A separate BSI on exports came to 95.5 for January, while the index on domestic consumption came to 96.

The monthly survey is conducted on the country’s top 600 firms.

(theinvestor@heraldcorp.com)

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