] South Korea’s business sentiment for November worsened from October as many local companies expect to go through a continued demand slump, according to a survey on Oct. 28.
The business survey index for November came to 89.8, compared with 96 registered for this month, according to the Federation of Korean Industries.
The monthly index is based on a survey of the 600 largest companies here. A reading below 100 means pessimists outnumber optimists.
The reading for November marked the lowest since 89.5 registered for August.
The sharp on-month drop was attributed to a growing number of businesses holding a negative outlook on sales at home and abroad.
An index measuring the local firms’ sentiment toward domestic sales dipped to 96.6 for November from 100.2 the previous month, while a separate index on exports came to 93.4, also down from 96.9 a month earlier.