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Korea Business Confidence March 2024

Korea: Manufacturers expect business conditions to improve in March

Business conditions in the manufacturing sector are expected to rise to 75.0 in March from February’s 71.0, according to a survey of manufacturers conducted in February by the statistical office. As a result, sentiment moved closer to the 100-threshold that separates pessimism from optimism among manufacturers.

The improvement was driven by stronger expectations among both domestically- and export-orientated firms, potentially linked with the recent decline in inflation and improvement in exports growth.

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