Business sentiment for November among Korean manufacturers gained ground compared to the low optimism shown for October, central bank data showed on Oct. 31.
The business survey index of manufacturing firms came to 84 for next month, up from 79 for September’s outlook for October, according to the data from the Bank of Korea.
A reading below 100 means pessimists outnumber optimists, while a reading above the benchmark means the opposite.
An index measuring local firms’ feelings about exports for next month came to 93, up from a rating of 88 for October. A separate index for November‘s domestic sales stood at 89 compared to 84 for this month.
The index gauging local firms’ views toward profitability in November stood at 90, up from 87 a month earlier, according to the BOK.
The monthly index is based on a survey of 2,853 companies throughout the country held from Oct. 16 to 23.
By Alex Lee and newswires (firstname.lastname@example.org