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Korea Business Confidence July 2024

Korea: Business confidence falls in July

Manufacturing firms’ outlook on business conditions for July came in at 75.0, down from June’s 76.0. As such, the index remained entrenched below the 100-threshold, indicating pessimism among businesses. Non-manufacturing firms’ outlook for business conditions was even more pessimistic at 70.0. That said, firms’ views on production, orders and finances were less downbeat.

Our panelists see only mild fixed investment growth this year compared to last, with downbeat sentiment among firms likely partly to blame.

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