Korea: Business confidence steady in October
September 29, 2020
Business confidence in the manufacturing sector was unchanged at September's 68.0 in October. October’s result was the joint highest since March. However, the index remained well below the neutral 100-point threshold, suggesting pessimism among businesses.
Looking at subsectors, expectations regarding sales deteriorated, while expectations concerning raw material prices improved somewhat. Sentiment among export-oriented manufacturing firms edged up, while sentiment among domestic firms was unchanged.
Author: Frederico Teixeira de Abreu, Junior Economist