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S. KOREA'S MANUFACTURING SENTIMENT RISES FOR Q2.
SEOUL, April 1 Asia Pulse - South Korean manufacturers' business sentiment rose for the second quarter amid predictions the economy may stabilize in the coming months, a government poll showed Wednesday.
The business survey index (BSI) for manufacturing companies reached 95, up from 61 tallied for the first three months of this year, the report by the Ministry of Knowledge Economy said.
A BSI reading below 100 means that pessimists outnumber optimists with businesses expecting conditions to deteriorate compared to the previous quarter.
"Companies expressed lingering concerns about the economy as a whole in the next three months, although they expected the slide to slow down," said Moon Sung-wook, head of the ministry's industrial policy division.
The country's future sentiment index has been under the break-even 100 mark since the third quarter of 2008 and fell to a record low for the January-March period.
The official said companies ...
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