REFILE-S.Korea February manufacturers' business sentiment slips versus January

By Kitco News / January 29, 2018 / www.kitco.com / Article Link

(Corrects spelling error in headline, no change to text)

SEOUL, Jan 30 (Reuters) - South Korean manufacturers' business confidence edged down for February, a central bank survey showed on Tuesday, as companiesgrew more pessimistic because of local economic uncertainties and appreciation of the won.

The Bank of Korea's manufacturing business survey index (BSI) for February came in at 80 on a seasonally adjusted basis, nudging down from 83 in January.

A reading below 100 means more panelists were pessimistic for future business conditions than were optimistic. The last time the index topped 100 was in September 2010.

All BSI sub-indexes showed declines for February with exporting companies standing at 85, down 4 points versus a month ago, the BOK survey showed.

Tuesday's survey showed that manufacturers were more worried about prospective wage hikes than was the case in January.


(Reporting by Dahee Kim; Editing by Eric Meijer)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

Recent News

Gold stocks gain even as metal price pulls back

April 29, 2024 / www.canadianminingreport.com

Copper price forecast swinging significantly on shifting outlook

April 29, 2024 / www.canadianminingreport.com

Upgrades continue for 2024 gold price target...

April 22, 2024 / www.canadianminingreport.com

Gold stocks edge up as weak equities offset metal rise

April 22, 2024 / www.canadianminingreport.com

Major investment banks make major gold price upgrades

April 15, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok