Business Sentiment Falls to Lowest Level in Nearly 3 Years

  • Arirang News

    January 31, 2019 09:17

    Business sentiment in January fell to the lowest level since March 2016 mainly due to sluggishness in the manufacturing sector.

    The Bank of Korea said on Wednesday its business survey index dropped three points on-month to 69 in January. The central bank attributed the decline to a gloomy outlook for the machinery and semiconductor sectors.

    A reading below 100 indicates there are more pessimists than optimists about future business conditions.

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