{"id":601545,"date":"2023-01-26T19:49:30","date_gmt":"2023-01-27T01:49:30","guid":{"rendered":"https:\/\/news.sellorbuyhomefast.com\/index.php\/2023\/01\/26\/south-korean-manufacturers-business-sentiment-drops-to-weakest-in-over-2-years\/"},"modified":"2023-01-26T19:49:30","modified_gmt":"2023-01-27T01:49:30","slug":"south-korean-manufacturers-business-sentiment-drops-to-weakest-in-over-2-years","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2023\/01\/26\/south-korean-manufacturers-business-sentiment-drops-to-weakest-in-over-2-years\/","title":{"rendered":"South Korean manufacturers&#8217; business sentiment drops to weakest in over 2 years"},"content":{"rendered":"<div>\n<p><img decoding=\"async\" alt=\"South Korean manufacturers' business sentiment drops to weakest in over 2 years\" id=\"carouselImage\" src=\"https:\/\/i-invdn-com.investing.com\/trkd-images\/LYNXMPEJ0P102_L.jpg\"><br \/>\n<span>\u00a9 Reuters. FILE PHOTO: A shopkeeper waits for customers at a traditional market in Seoul, South Korea, January 14, 2022. REUTERS\/Kim Hong-Ji<\/span><br \/>\n<i><\/i>\n<\/p>\n<p>SEOUL (Reuters) &#8211; South Korean manufacturers&#8217; business sentiment for February weakened to the worst level in over two years, a central bank survey showed on Friday, hurt by heightened uncertainty over the economic outlook. <\/p>\n<p>An index that measures the business outlook for the manufacturing sector dropped to 66 for February, on a seasonally adjusted basis, from 71 for January, according to the Bank of Korea&#8217;s survey of 3,255 companies, conducted during Jan. 10-17 nationwide. It was the lowest reading since October 2020.<\/p>\n<p>In the survey, 26.5% of manufacturing firms cited uncertain economic conditions as a major difficulty, up from 22.0% a month before. The second biggest increase in worry was centred on weak domestic demand, with 12.4% firms citing it, up from 10.8%.<\/p>\n<p>An index for the non-manufacturing sector fell to 72 from 76. It also marked the lowest level since December 2020.<\/p>\n<p>The survey result follows data released on Thursday that showed the South Korean economy contracted for the first time in 2\/1-2 years and faced a possibility that it was in recession. <\/p>\n<\/div>\n<p><a href=\"https:\/\/www.investing.com\/news\/economy\/south-korean-manufacturers-business-sentiment-drops-to-weakest-in-over-2-years-2989299\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><br \/>\n Larisa Lanz<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u00a9 Reuters. FILE PHOTO: A shopkeeper waits for customers at a traditional market in Seoul, South Korea, January 14, 2022. REUTERS\/Kim Hong-Ji SEOUL (Reuters) &#8211; South Korean manufacturers&#8217; business sentiment for February weakened to the worst level in over two years, a central bank survey showed on Friday, hurt by heightened uncertainty over the economic<\/p>\n","protected":false},"author":1,"featured_media":601546,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23570,683],"tags":[],"class_list":["post-601545","post","type-post","status-publish","format-standard","has-post-thumbnail","category-korean","category-south"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/601545","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=601545"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/601545\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/601546"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=601545"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=601545"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=601545"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}