S. Korean firms' outlook for September remains dim
- 6 years ago
한국경제연구원, "기업들 9월 경기전망 '부정적"
The business sentiment forecast for next month is looking grim for South Korean firms… mainly due to growing concerns over the U.S.- China trade war.
The Korea Economic Research Institute's report shows, the business survey index outlook for September marked 92-point-2…down 2-point-2 from the same period last year.
A reading below 100 means there are more pessimists than optimists on the local economy.
The institute attributed the fall to the ongoing tariff spat between the world's two largest economies... as well as low domestic demand in Korea.
The BSI outlook is low…despite the expected increased demand during the country's Chuseok holiday next month.
In fact these are the lowest September figures in this decade.
The business sentiment forecast for next month is looking grim for South Korean firms… mainly due to growing concerns over the U.S.- China trade war.
The Korea Economic Research Institute's report shows, the business survey index outlook for September marked 92-point-2…down 2-point-2 from the same period last year.
A reading below 100 means there are more pessimists than optimists on the local economy.
The institute attributed the fall to the ongoing tariff spat between the world's two largest economies... as well as low domestic demand in Korea.
The BSI outlook is low…despite the expected increased demand during the country's Chuseok holiday next month.
In fact these are the lowest September figures in this decade.