Business sentiment index declines for another month
Published: 28 Nov. 2019, 20:06
Korean manufacturers’ business sentiment continued to worsen for the upcoming month, central bank data showed Thursday, amid a steady decline in exports and sluggish demands at home that are apparently reflected in record-low inflation.
The business sentiment index (BSI) of manufacturing firms came to 71 for December, down from 72 for this month.
The reading marks the second consecutive month of drop. A reading below the benchmark 100 means pessimists outnumber optimists.
The BSI of manufacturers has remained below the 80-point threshold throughout the year amid a sharp decline in exports.
The country’s exports have dipped for 11 consecutive months since December, plunging 14.7 percent from a year earlier to $46.78 billion in October alone.
Consumer prices have also been growing at record low levels, especially in recent months, before hitting the all-time low of minus 0.4 percent on-year growth in September.
Yonhap
The business sentiment index (BSI) of manufacturing firms came to 71 for December, down from 72 for this month.
The reading marks the second consecutive month of drop. A reading below the benchmark 100 means pessimists outnumber optimists.
The BSI of manufacturers has remained below the 80-point threshold throughout the year amid a sharp decline in exports.
The country’s exports have dipped for 11 consecutive months since December, plunging 14.7 percent from a year earlier to $46.78 billion in October alone.
Consumer prices have also been growing at record low levels, especially in recent months, before hitting the all-time low of minus 0.4 percent on-year growth in September.
Yonhap
with the Korea JoongAng Daily
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