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S. Korea's biz sentiment improves for March
Date
2017.02.28
According to Yonhap News,
(SEOUL=Yonhap News) South Korean businesses continue to remain pessimistic about their business conditions in the future, but their sentiment improved slightly for the upcoming month, a survey showed Tuesday.
The business survey index (BSI) for March came to 92.1, up from 87.7 registered for this month, according to the Federation of Korean Industries (FKI).
A reading below 100 means pessimists outnumber optimists, while a reading above the benchmark means the opposite.
The index has remained below the benchmark since May 2016, although the reading for March marked the highest in five months.
The monthly index is based on a survey of the FKI's 600 members.
The slight improvement in outlook came after an 11.2 percent spike in the country's exports in January.
An index measuring local companies' sentiment toward their exports came to 96.4 for the upcoming month, up from 95 for February.
A separate index for the local firms' domestic sales came to 100.8 for March, compared with 96 registered for this month.
Meanwhile, the FKI said a BSI on the actual performance of local businesses came to 88.1 in February, slipping from 89.2 in the previous month and marking the lowest level since 87.0 registered in February 2016.
bdk@yna.co.kr
Copyrights Yonhap News. All Rights Reserved.
Reprint or redistribution without permission is prohibited.
(SEOUL=Yonhap News) South Korean businesses continue to remain pessimistic about their business conditions in the future, but their sentiment improved slightly for the upcoming month, a survey showed Tuesday.
The business survey index (BSI) for March came to 92.1, up from 87.7 registered for this month, according to the Federation of Korean Industries (FKI).
A reading below 100 means pessimists outnumber optimists, while a reading above the benchmark means the opposite.
The index has remained below the benchmark since May 2016, although the reading for March marked the highest in five months.
The monthly index is based on a survey of the FKI's 600 members.
The slight improvement in outlook came after an 11.2 percent spike in the country's exports in January.
An index measuring local companies' sentiment toward their exports came to 96.4 for the upcoming month, up from 95 for February.
A separate index for the local firms' domestic sales came to 100.8 for March, compared with 96 registered for this month.
Meanwhile, the FKI said a BSI on the actual performance of local businesses came to 88.1 in February, slipping from 89.2 in the previous month and marking the lowest level since 87.0 registered in February 2016.
bdk@yna.co.kr
Copyrights Yonhap News. All Rights Reserved.
Reprint or redistribution without permission is prohibited.
Source: Yonhap News (Feb. 28, 2017)