S. Korea Sees Rise in November Business Sentiment
The composite business sentiment index (CBSI) across all sectors jumped 1.5 points to reach 92.1 in November—reversing October's 1-point decline—according to the central bank's latest data release.
BOK analysts credit the rebound to two driving forces: the ongoing upswing in the chip sector and strengthening household sentiment.
Within the manufacturing sector, the CBSI edged up 0.3 points to 92.7 last month, while service and non-manufacturing industries saw a sharper 2.3-point increase to 91.8.
Despite November's gains, the index remains beneath its historical benchmark of 100, reflecting persistent economic headwinds facing Asia's fourth-largest economy.
The BOK compiled its findings from responses gathered between November 11 and 18, surveying 1,824 manufacturing companies and 1,445 non-manufacturing enterprises.
Manufacturing executives cited weakening domestic consumption, economic volatility, and declining overseas sales as their primary operational challenges. Non-manufacturing leaders pointed to sluggish consumer spending, economic uncertainty, and escalating wage pressures as top concerns.
The broader economic sentiment index—which captures both business and household confidence—registered 94.1 in November, slipping 0.3 points from the prior month.
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