S Korea’s Q2 mfg sentiment hits over 6-year high

5 April, 2021 12:00 AM printer

SEOUL: South Korean manufacturers’ business sentiment has improved sharply amid hopes that the economy may recover on robust exports and COVID-19 vaccinations.

The Korea Chamber of Commerce and Industry (KCCI) said on Sunday that its recent survey of some 22-hundred manufacturing firms found the business survey index (BSI) for the second quarter came to 99, report agencies.

The figure represents a surge of 24 points from the previous quarter and the highest level since the third quarter of 2014.

A BSI reading below 100 means companies expecting worsening business conditions outnumber those that anticipate improvements.