Financial News: South Korea Business Confidence Weakens In August

South Korea Business Confidence Weakens In August

08/21/2024 - 02:49:00 (RTTNews)

(RTTNews) - Business sentiment in South Korea decreased in August to the lowest level in five months, while the outlook improved, the latest survey from the Bank of Korea showed on Wednesday.

The Business Survey Index on business conditions in the manufacturing sector dropped to 71 in August from 73 in July. Further, this was the lowest score since March.

The sub-index for new orders fell to 77 from 81, and that for production decreased to 84 from 85.

The survey showed that the outlook strengthened somewhat in August, with the index rising to 73 from 71.

In the non-manufacturing sector, the business morale index improved slightly to 71 from 70.0.

The Economic Sentiment Index, which combines the BSI and the Consumer Survey Index, for August was 93.7, up from 92.8 in the prior month.

Between August 6 and 13, 3,524 companies participated in the survey.

Separate official data showed that producer price inflation rose marginally to 2.6 percent in July from 2.5 percent in June.

Prices for manufactured products grew by 3.0 percent, and those for services climbed by 2.4 percent.

Monthly, producer prices moved up 0.3 percent versus a flat change in June.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Swiss Consumers More Pessimistic In August (22 min(s), 19 sec(s) ago)
(RTTNews) - Confidence among Swiss consumers remained more negative in August, survey results from ...Full Story»

U.S. Job Growth Misses Estimates In August But Unemployment Rate Dips (10 min(s), 41 sec(s) ago)
(RTTNews) - Employment in the U.S. rose by less than expected in the month of August, according to ...Full Story»

Czech Industrial Output Decline Softens; Trade Deficit Narrows (47 min(s), 41 sec(s) ago)
(RTTNews) - The Czech Republic's industrial production decreased for the fifth straight month, ...Full Story»

U.S. Employment Climbs Less Than Expected In August (54 min(s), 41 sec(s) ago)
(RTTNews) - Employment in the U.S. rose by less than expected in the month of August, according to ...Full Story»

Eurozone GDP Growth Slows In Q2 (01 hr(s), 20 min(s), 41 sec(s) ago)
(RTTNews) - Euro area economic growth rate for the second quarter was revised down as the positive ...Full Story»

France Industrial Output Falls 0.5% (01 hr(s), 47 min(s), 41 sec(s) ago)
(RTTNews) - France's industrial production decreased more-than-expected in July after reboundi ...Full Story»

Italy Retail Sales Rebound 0.5% (02 hr(s), 34 min(s), 41 sec(s) ago)
(RTTNews) - Italy's retail sales increased more-than expected in July after falling in the pre ...Full Story»

French Trade Gap Narrows In July (03 hr(s), 05 min(s), 41 sec(s) ago)
(RTTNews) - France's trade deficit decreased in July from a year ago as imports fell faster th ...Full Story»