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Korea Business Confidence May 2022

Korea: Business confidence among manufacturing firms improves in May

Business confidence among manufacturing firms rose to 88.0 in May from April’s 85.0. Despite the uptick, the index remained below the 100-threshold that separates pessimism from optimism among businesses.

Business confidence rose among domestically-orientated firms, likely due to the removal of most Covid-19 restrictions in Korea in April, while confidence among export-orientated firms was unchanged.

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