Korea′s manufacturers′ sentiment saw a
slight rebound this month… on the back of improved business conditions abroad.
The Bank of Korea says…the Business Sentiment Index for the manufacturing sector inched
up one point from a month earlier… to stand at 74.
A BSI reading below 100 indicates that pessimists outnumber optimists about the Korean economy.
However, the figure was still below the level seen before the Sewol-ho ferry disaster last
April. But, on a rosier note,… the BSI forecast
for the month of March went up 9 points to 82…meaning more businesses expect economic
conditions to improve next month. Improved sentiment was attributed to the steady
economic recovery in the U.S., as well as expectations of a recovery in the eurozone.