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Exporters see worse conditions in Q4: poll

All Headlines 11:00 October 06, 2016

SEOUL, Oct. 6 (Yonhap) -- A majority of South Korean exporters expect their business conditions to worsen in the fourth quarter due partly to falling prices and slumping demands in newly emerging markets, a poll showed Thursday.

The export business survey index (EBSI) of some 2,000 export companies polled came to 94.5 for the October-December period, down from 95.4 for the third quarter, according to the Korea International Trade Association (KITA).

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

Those surveyed cited a drop in export prices as the most serious concern for their business, KITA said in a press release.

An EBSI on the profitability of the exporters came to 83 for the fourth quarter, compared with 85.3 for the July-September period.

The companies also expressed concerns over worsening economic conditions in overseas markets.

South Korea's exports had fallen for 19 consecutive months since the start of 2015 before posting a 2.6 percent on-year gain in August. Exports again dropped 5.9 percent in September.

bdk@yna.co.kr
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