The business sentiment is the worst in more than four years...Manufacturing and non-manufacturing industries ↓

Our business experience has hit its worst level in more than four years.

According to the Bank of Korea's "Corporate Economic Survey Results" released today (27th), the sentiment index for all industries was only 87.

The figure is the lowest since September 2020, when COVID-19 was in full swing.

Compared to the previous month, it fell 4.5p, the largest drop since -5.6p in January last year.

Specifically, the manufacturing experience economy was 86.9, the worst since February last year, and the non-manufacturing industry was only 87.1.

The Bank of Korea analyzed that the business sentiment has worsened due to growing political uncertainties amid unfavorable conditions for foreign exports.

The forecast for January next year also shrank to 82.4, the lowest level since August 2020.