South Korea’s business sentiment weak in November
November 28th, 2011 - 1:07 pm ICT by IANSSeoul, Nov 28 (IANS) South Korea’s business sentiment remained weak this month as local firms were still worried about economic uncertainties amid fragile domestic demand, the central bank said Monday.
The monthly business survey index (BSI), which gauges local manufacturers’ assessment of current business conditions, edged up one point on-month to reach 83 in November, according to the Bank of Korea (BOK).
A reading below 100 means pessimists outnumber optimists.
The assessment on future business conditions was enhanced slightly. The BSI for December, measuring manufacturers’ outlook on business conditions for the upcoming month, came in at 83, up one point from a month earlier, reported Xinhua.
Manufacturers picked fragile domestic demand, economic uncertainties and foreign exchange volatility as their difficulties in doing business, while non-manufacturers regarded weak domestic demand, fierce competition and uncertain economic conditions as their hardship.
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- South Korea's industrial output shrinks in October - Nov 30, 2011
- South Korea's consumer confidence rebounds - Feb 24, 2012
- South Korea's consumer confidence falls - Dec 27, 2011
- South Korea's central bank leaves interest rates unchanged - Oct 13, 2011
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- South Korea's central bank leaves key rate unchanged - Jan 13, 2012
- South Korea's producer prices fall - May 08, 2012
- South Korean industrial output contracts for three months - Jan 31, 2012
- South Korea's industrial output growth plunges - Apr 30, 2012
- South Korea faces consumer price instability - Mar 06, 2012
- `Downside risks to South Korean economy remain high' - Dec 08, 2011
Tags: bok, bsi, business conditions, business sentiment, business survey, doing business, economic conditions, economic uncertainties, foreign exchange, optimists, pessimists, seoul, south korea, survey index, volatility, xinhua