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S. Korea's manufacturing business sentiment falls for Q3: KCCI

2019-07-15 1 Dailymotion

Sentiment in South Korea's manufacturing industry is down sharply for the third quarter of this year because of a negative outlook for exports and domestic demand.<br />The Korea Chamber of Commerce and Industry says a survey of 23-hundred local manufacturers shows the business survey index for the July to September period fell 14 points from the quarter before to 73.<br />A BSI of less than 100 means pessimists outnumber optimists.<br />The KCCI attributed the decline to slowing global trade and the ongoing U.S.-China trade war having weakend the local economy's growth momentum and exports.<br />BSI for both exporting companies and domestic companies plunged by double digits, with the steepest fall in autos, steel and eletcronics.<br />

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