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Business Survey Index for Q4 slips due to global uncertainties: KCCI

2019-10-14 22 Dailymotion

South Korean manufacturers have a gloomy outlook for the fourth quarter due to growing global uncertainties.<br />According to a survey of 2-thousand local firms released by the Korea Chamber of Commerce and Industry on Monday,... business sentiment fell one-point from the previous quarter to 72 for the October to December period.<br />A reading below 100 means pessimists outnumber optimists.<br />The chamber says exports have remained weak for 10 straight months,... while listed companies saw their operating profits decline 37 percent in the first half of the year.<br />It mainly attributed the weaker trend to the U.S.-China trade spat, Japan's export curbs and fluctuating raw material prices.<br />

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