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Biz sentiment down for April on uncertainties: poll

All News 11:00 March 29, 2021

SEOUL, March 29 (Yonhap) -- South Korea's business sentiment slightly fell for April on increased uncertainties in the electronics and auto manufacturing industries, a local think tank said Monday.

The business survey index (BSI) of the country's top 600 companies by sales reached 106 for next month, down 3.2 points from March, the Korea Economic Research Institute (KERI) said in a statement.

But the index for April stayed above 100 for the second straight month after its March reading exceeded 100 for the first time in 34 months, the statement said.

"Rising memory chip prices and lack of electronic components for vehicles are weighing on electronics companies and carmakers, respectively, in global markets," it said.

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

The BSI for March stood at 112.9, up 14.9 points from the previous month, said KERI, the research arm of the Federation of Korean Industries, the country's major business lobby.

KERI said 418 out of the 600 companies responded to the survey, which was taken from March 18-25.

Biz sentiment down for April on uncertainties: poll - 1


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