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S. Korean manufacturers' confidence grow in October
(MENAFN) South Korean manufacturers' business sentiment for the next month remained negative but grew to a three-month high, QNA reported.
The Bank of Korea showed that the business sentiment index, which measures manufacturers' outlook on their business situation for the coming month, came in at 78 for October, compared with 74 for September.
Local media reported that the forecast for next month marks the highest level since the outlook for July, when the index came in at 78. It also marks the first increase since the outlook for April.
In terms of seasonally adjusted figures, the monthly index increased to 78 from 75.
The Bank of Korea showed that the business sentiment index, which measures manufacturers' outlook on their business situation for the coming month, came in at 78 for October, compared with 74 for September.
Local media reported that the forecast for next month marks the highest level since the outlook for July, when the index came in at 78. It also marks the first increase since the outlook for April.
In terms of seasonally adjusted figures, the monthly index increased to 78 from 75.
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