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Korea Business Confidence June 2021

Korea: Business confidence among manufacturing firms falls and remains in negative territory in June

Business confidence among manufacturing firms fell to 97.0 in June from May’s 98.0. As a result, the index remained below the 100-point threshold separating pessimism from optimism among businesses.

Taking a closer look, both export-oriented and domestic demand-oriented firms drove the downtick, potentially linked to shortages of semiconductors that particularly affected auto industries.

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