The Composite Business Sentiment Index (CBSI) for all industries in South Korea rose by 2.8 points to 90.7 in May, marking the largest increase in two years, according to the Bank of Korea. The increase is attributed to factors like the US tariff suspension. However, the index, which has risen for three consecutive months, remains below the long-term average of 100, indicating a pessimistic business sentiment. The manufacturing CBSI has been rising for five consecutive months, while the non-manufacturing CBSI is at its highest since November last year.
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Auto-posted at: 2025-05-28 21:00:55