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Business Sentiment Worsens in November

Written: 2024-11-27 09:58:39Updated: 2024-11-27 15:20:11

Business Sentiment Worsens in November

Photo : YONHAP News

The country’s business sentiment worsened slightly in November due to uncertainties related to policy changes under the incoming Trump administration. 

According to the Bank of Korea on Wednesday, the Business Survey Index(BSI) for all industries stood at 91-point-five in November, representing a zero-point-six point dip from the previous month. 

A reading below 100 indicates that pessimists outnumber optimists.

The BSI for manufacturers dropped two points month-on-month to 90-point-six in November, the lowest figure since October last year. 

The index for nonmanufacturing industries, which includes restaurants, wholesalers and retail businesses, posted a zero-point-four point gain and reached 92-point-one.

Meanwhile, the BSI outlook for December marked 89-point-seven, down zero-point-one point from the previous month.

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