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South Korea business sentiment slips to 99.1 in September

  • Bank of Korea data showed South Korea’s all-industry business sentiment declined in September.
  • The CBSI fell 0.5 point to 99.1 from 102 in August.
  • Manufacturing sentiment weakened, while non-manufacturing sentiment improved and October’s outlook remained 99.6.

South Korea’s Composite Business Sentiment Index (CBSI), a gauge of corporate views on business conditions, fell 0.5 point to 99.1 in September from 102 in August, when it reached its highest level since September 2022. The Bank of Korea attributed the decline largely to increased costs. A reading below 100 means pessimists outnumber optimists. Manufacturing sentiment dropped to 99.5 from 103.8, while non-manufacturing sentiment rose to 98.9 from 96.7. The outlook for October was 99.6, unchanged from the previous month.

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