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Korea Business Confidence December 2021

Korea: Business confidence steady but remains in negative territory in December

Business confidence among manufacturing firms came in at 88.0 in December, matching November’s reading. As a result, the index remained below the 100-point threshold, and indicated pessimism among businesses.

The print came amid minor changes across components: while manufacturing firms eased their pessimism regarding export-oriented demand, firms’ sentiment became more downbeat regarding the domestic market. More negatively, businesses’ views on profitability deteriorated significantly.

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