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Korea Business Confidence February 2022

Korea: Business confidence among manufacturing firms falls to 10-month low in February

Business confidence among manufacturing firms came in at 90.0 in February, down from January’s 92.0. As such, the index moved further below the 100-point threshold, signaling that manufacturing businesses were increasingly pessimistic.

In detail, increased pessimism was broadly observed among both export and domestic-oriented manufacturing firms. In addition, those firms became more downbeat regarding the future of sales prices and profitability.

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