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S. Korea's manufacturing sentiment to improve next month

All News 06:00 September 30, 2016

SEOUL, Sept. 30 (Yonhap) -- South Korean manufacturers' business sentiment will slightly improve next month, though they expect a decline in exports and no improvement in domestic demand, central bank data showed Friday.

The business survey index (BSI) of manufacturing firms came to 75 in October, up from 74 a month earlier, according to the Bank of Korea (BOK).

A reading above 100 means optimists outnumber pessimists, while a reading below the benchmark means the opposite.

An index measuring local firms' sentiments toward exports came to 85 for October, down from 87 for September.

A separate index for domestic sales remained unchanged at 82 for next month.

Local companies also expected their profitability to stay unchanged next month, registering a BIS reading of 89 for October, according to the BOK.

The BSI of non-manufacturing firms also remained unchanged at 75 for October.

The monthly index is based on a survey of 2,758 companies throughout the country from Sept. 19 to 23.


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