(MENAFN) South Korean manufacturers turned more downbeat about their business conditions in April due to persistent concerns over sluggish domestic demand, QNA reported.
The business sentiment index, which measures the outlook of manufacturers on their business conditions for the coming month, reached 80 for April compared with 82 tallied for March.
The April reading also marks deterioration in seasonally adjusted terms, with the index falling to 76 from 79 in the cited period, according to data by the Bank of Korea.
The fall was attributed to domestic demand that continues to remain tepid. Around 26.1 percent of the manufacturers said that sluggish domestic demand is their biggest concern.
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