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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
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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.



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