April 27, 2024
Economy
Korea’s manufacturing sentiment worsens for Dec.
[THE INVESTOR] Korean manufacturers’ business sentiment for December slightly worsened from this month, central bank data showed on Nov. 28.
The business survey index of manufacturing firms came to 82 for next month, down from 84 in November, according to 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‘ sentiments toward exports came to 89 for December, down from 93 in November. A separate index for domestic sales stood at 87 for December vis-a-vis 89 for this month.
The index gauging local firms’ views toward profitability stood at 87 for December, down from 90 in November, according to the BOK.
The BSI of nonmanufacturing firms stood at 80 for December, up from 79 in November.
The monthly index is based on a survey of 2,778 companies throughout the country from Nov. 13 to 20.
By Alex Lee and newswires (alexlee@heraldcorp.com)
