Business sentiment drops on-month in Feb.
Business sentiment among Korean firms has worsened... mainly due to fewer working days in February as it overlapped with the Lunar New Year holiday.
The Bank of Korea says its business sentiment index or B-S-I among overall industries edged down one point from the previous month to 77.
It also cited a steep decline among manufacturers particularly in the shipbuilding and automobiles sectors... that dropped two points from the previous month to 75... the lowest level since January last year.
A reading below 100 means there are more pessimists than optimists about the economy.
The Bank of Korea says its business sentiment index or B-S-I among overall industries edged down one point from the previous month to 77.
It also cited a steep decline among manufacturers particularly in the shipbuilding and automobiles sectors... that dropped two points from the previous month to 75... the lowest level since January last year.
A reading below 100 means there are more pessimists than optimists about the economy.