Biz outlook down for December amid slowing economy

SEOUL, South Korea's business sentiment fell for December amid a slowing economy, a central bank poll showed Wednesday.

Local companies' business sentiment index (BSI) stood at 68 for the coming month, down from 69 the previous month, according to the survey by the Bank of Korea.

The index measures corporate prospects for business conditions the following month. A reading below 100 means pessimists outnumber optimists.

The central bank said business sentiment fell for next month as domestic demand is expected to remain weak although some parts of the manufacturing sector show signs of a recovery.

The BSI for manufacturers came to 69 for December, down 1 point from the previous month. The index for nonmanufacturing firms rose 2 points over the same period to 71.

The actual BSI for November came to 70, up from October.

Source: Yonhap News Agency

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