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S. KOREAN MANUFACTURERS' CONFIDENCE FALLS FOR 2 MONTHS IN ROW.

AsiaPulse News

| July 01, 2004 | COPYRIGHT 2004 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

SEOUL, July 1 Asia Pulse - South Korean manufacturing companies' business sentiment in June fell two months in a row due to a slump in domestic demand, the country's central bank said Thursday.

During the reported month, the business survey index (BSI) for the manufacturing sector dropped to 78 from 80 in the previous month, the Bank of Korea (BOK) said.

The index, based on a poll of 2,452 manufacturers, had risen month-on-month in April and March before falling in May.

A reading of less than 100 means that companies that are pessimistic about their business conditions outnumber those who expect improvements.

The BOK said the survey results show, notably, that business ...

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Source: HighBeam Research, S. KOREAN MANUFACTURERS' CONFIDENCE FALLS FOR 2 MONTHS IN ROW.

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