S.Korea's Business Sentiment Improves for 3 Months
South Korean businesses over economic conditions improved for a third straight month
Seoul - QNA
Sentiment among South Korean businesses over economic conditions improved for a third straight month as political uncertainty was defused amid recovering exports, the Bank of Korea (BOK) said Wednesday.
The business survey index (BSI) of manufacturing firms came to 82 in April, up from 81 in March, state news agency (Yonhap) reported. The index kept rising from 72 in December last year to 75 in January and 76 in February. The March figure was the highest in 23 months since April 2015.
Exports recovery enhanced corporate outlook for the export-driven South Korean economy. The country's exports jumped 20.2% in February, keeping an upward momentum since November last year. The composite consumer sentiment index (CCSI) rose 2.3 points over the month to 96.7 in March, helping bolster corporate sentiment over economic outlook. The BSI among non-manufacturers came in at 76 in March, up 3 points from the previous month.
Source: QNA
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