S. Korea's BSI for all industries up 3p m/m to 56 in June: BOK
- 4 years ago
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Skepticism about South Korea's business outlook eased slightly this month, thanks to government policies like providing emergency disaster relief funds for the COVID-19 outbreak, along with a gentle recovery in exports.
Data from the Bank of Korea showed on Tuesday that the Business Sentiment Index for all industries in June was up 3 points on-month to 56.
But the figure remains far below 100, meaning pessimists outnumber optimists.
By sector, the BSI among manufacturers was up 2 points to 51, and for non-manufacturers it was up 4 points to 60.
The BSI of export companies soared 6 points the steepest rise since September 2017.
The Economic Sentiment Index which measures the economic outlook for both companies and households was up 5-point-3 points on-month to 63-point-1.
Skepticism about South Korea's business outlook eased slightly this month, thanks to government policies like providing emergency disaster relief funds for the COVID-19 outbreak, along with a gentle recovery in exports.
Data from the Bank of Korea showed on Tuesday that the Business Sentiment Index for all industries in June was up 3 points on-month to 56.
But the figure remains far below 100, meaning pessimists outnumber optimists.
By sector, the BSI among manufacturers was up 2 points to 51, and for non-manufacturers it was up 4 points to 60.
The BSI of export companies soared 6 points the steepest rise since September 2017.
The Economic Sentiment Index which measures the economic outlook for both companies and households was up 5-point-3 points on-month to 63-point-1.