MK Business News Logo
Thursday, April 24, 2014 search icon
검색 search
Top Stories
Finance
Market
Economy
Companies
General
Opinion Editorial
Archive
Photo
Subscribe to MK English Newsletter
World Knowledge Forum

Home > mk Business News >> Economy 프린트 이메일 전송 리스트
S. Korea’s manufacturing sentiment for Q3 chills again
By Choi Ik-ho
2013.06.25 14:54:46 | 2013.06.25 16:12:26
보내기
South Korea’s corporate sentiment on economic conditions for the third quarter (Q3) deteriorated again, casting an overshadow over the outlook for lower growth in the first half (H1) and higher growth in H2 this year.

[S. Korea’s manufacturing sentiment for Q3 chills again] 기사의 본문 이미지

The nation’s Business Survey Index (BSI) for Q3 fell below the base level of 100 to 97, according to the survey of the Korea Chamber of Commerce & Industry (KORCHAM) on 2,500 manufacturers Tuesday. This is a two points decline quarter-on-quarter (qoq), hovering below the base level for eight consecutive quarters since 94 of Q4 2011.

A BSI reading above 100 means companies with an optimistic outlook for the economy in the coming quarter outnumber those with a pessimistic view, while a BSI reading below 100 means otherwise.

“The BSI reading for Q2 climbed 30 points qoq but turned downward again, affected by negative factors including a continued weak yen, possible tapering of the US quantitative easing and signs of economic slowdown in China,” noted KORCHAM, adding “so the government and major institutions’ outlook that the nation’s economy is likely to pick up pace in H2 after recording zero percent growth for eight consecutive quarters does not seem to come true.”

Large companies and exporters were optimistic about economic recovery in H1. Large companies’ BSI (102) and exporters’ (103) shrank three points and eight points qoq, respectively, but still hovered above the base level of 100. Meanwhile, the readings for small and medium-sized businesses (SMB) and domestic-oriented companies recorded 97 and 96, each, suggesting those with a bleak economic outlook for Q3 somewhat outnumbered those with an upbeat outlook.

korean_article_view

[ⓒ Maeil Business Newspaper & mk.co.kr, All rights reserved]

경제용어사전 프린트 이메일 전송 리스트

PDF list
Thurs, Apr 24, 2014
Latest News
Disaster management neglected, unimpl..
S. Korea’s GDP up 3.9% yoy in Q1, hi..
S. Korea’s GDP up 3.9% yoy in Q1, hi..
Maritime ministry blamed for ferry di..
Prosecutors uncover 40 slush fund ban..
Banks’ personnel, branch growth buck..
KDB provides over $190mn loan to Hyun..
Gap yawns between wage earners and se..
Gov’t kickstarts safety checks on fa..
Portion of yen-denominated payments f..
Press Releases&Speeches
[Press Release] ROK and Uzbekistan to..
[Press Release] Trade Settlement Curr..
Today Vocab&Phases
[04/24 Thurs] Accountancy
phenomenal, unpredictable
Announcement

Terms of Use | Advertise With Us | Privacy Policy | Copyright Policy | Contact Us | Unauthorized collection of e-mail addresses disapproved
Copyrightⓒ 2009 Maeil Business Newspaper & MK Inc. All rights reserved.