S.Korea’s business sentiment stagnant

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Sentiment among South Korean businesses over the economic situation remained stagnant this month, central bank data showed Wednesday.

The business sentiment index (BSI) for all industries stood at 86 in November, unchanged from the previous month, according to the Bank of Korea (BOK).

It was based on a survey of 1,623 manufacturers and 1,139 non-manufacturers conducted from Nov. 9 to Nov. 16. The reading below 100 indicates pessimists outnumbering optimists. The BSI among manufacturers came to 90 in November, making no change for the third consecutive month.

Global demand grew for locally-made semiconductors, but the automotive production was disturbed by the supply disruption of chips used to make cars.—APP

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