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Korea Business Confidence September 2023

Korea: Month-ahead business sentiment among manufacturing firms stable in September

Month-ahead business sentiment among manufacturing firms was unchanged at August’s 69.0 in September. As a result, the index remained below the 100-threshold, indicating pessimism among businesses.

Month-ahead business sentiment fell among domestically-orientated manufacturers but remained stable among export-orientated ones. Domestically-orientated manufacturers continue to suffer from recent rate hikes, while export-orientated ones have been hit hard by the recent slowdown in the global economy, particularly in China.

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