Korea: Forward-looking manufacturing business confidence ticks up in July
The Bank of Korea’s forward-looking business confidence indicator for manufacturers increased to 51 in July from 49 in June. Moreover, confidence in the non-manufacturing sector increased from 52 in June to 59 in July. Nevertheless, both readings remained entrenched below the 100-threshold separating pessimism from optimism.
The slight improvement in business sentiment among manufacturers was led by less pessimistic views regarding current sales and profitability. The Bank does not collect information about the drivers of sentiment among non-manufacturing firms.