Wed, 20 Jan 2021

S. Korea's business sentiment improves in November

Xinhua
25 Nov 2020, 12:18 GMT+10

SEOUL, Nov. 25 (Xinhua) -- Sentiment among South Korean businesses over the economic situation improved this month, keeping an upward momentum for two straight months, central bank data showed Wednesday.

The business sentiment index (BSI) gained 4 points over the month to 78 in November, after jumping 10 points in October, according to the Bank of Korea (BOK).

The reading was based on a survey of 2,795 businesses conducted between Nov. 10 and 17, failing to reflect the COVID-19 resurgence for the past week. The figure below 100 indicates pessimists outnumbering optimists.

In the latest tally, South Korea reported 382 more cases of COVID-19 for the past 24 hours, raising the total number of infections to 31,735.

The daily caseload hovered above 300 for two straight days, growing in triple digits for 18 days running.

The BSI among manufacturers stood at 85 in November, up 6 points from the previous month. The index among non-manufacturers went up 4 points to 73 in the cited month.

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