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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…

Biz sentiment falls in September on rising costs: BOK

South Korea's business sentiment declined in September, falling to its lowest level in nearly four years, according to a survey from the Bank of Korea. The Composite Business Sentiment Index (CBSI) for all industries dropped to 99.1 from a high of 102 in August, indicating more pessimists than optimists among businesses. The index for the non-manufacturing sector improved, while the manufacturing sector's sentiment worsened. Overall, the outlook for October remained unchanged at 99.6.

Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

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