Biz sentiment falls in September on rising costs: BOK
Korea's business sentiment contracted in September from a nearly four-year high in August, largely due to increased costs, a central bank survey showed Tuesday. The Composite Business Sentiment Index (CBSI) for all industries stood at 99.1 in September, down 0.5 point from the previous month, according to data from the Bank of Korea (BOK). The reading rose to the highest level in August since…
Korea's business sentiment declined in September, falling from a four-year high in August, according to a survey by the Bank of Korea (BOK). The Composite Business Sentiment Index (CBSI) for all industries dropped to 99.1 in September, a 0.5-point decrease from July, the BOK reported. This reading marked the lowest level since September 2022, with a figure below 100 signaling that pessimists outweigh optimists.
The index peaked at 102 during August, following the COVID-19 pandemic. The survey indicated that business sentiment improved in the non-manufacturing sector, such as transportation and leisure, while it deteriorated in the manufacturing sector. The CBSI for manufacturers stood at 99.5 in September, a drop from 103.8 in August, whereas it rose to 98.9 from 96.7 for non-manufacturing companies over the same period.
The outlook for October remained steady at 99.6, unchanged from the previous month, the survey revealed.
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- Biz sentiment falls in September on rising costs: BOK en.yna.co.kr
- Biz sentiment falls in September on rising costs: BOK koreatimes.co.kr
