(Bloomberg) -- Confidence among South Korean
manufacturers about the outlook for July fell for the first time
in six months, on concerns that a rally in the local won
currency may hurt price competitiveness in overseas markets.
An index measuring sentiment among manufacturers fell to
86 from June's 91, the Bank of Korea said today in Seoul. The
sub-index for exporters of manufactured goods also fell to 90
from 96 in the same period, according to the poll of 2,929
companies. The index began in 2003 and has always had a reading
of less than 100, indicating pessimists outnumber optimists.
Read more at Bloomberg Currencies News
manufacturers about the outlook for July fell for the first time
in six months, on concerns that a rally in the local won
currency may hurt price competitiveness in overseas markets.
An index measuring sentiment among manufacturers fell to
86 from June's 91, the Bank of Korea said today in Seoul. The
sub-index for exporters of manufactured goods also fell to 90
from 96 in the same period, according to the poll of 2,929
companies. The index began in 2003 and has always had a reading
of less than 100, indicating pessimists outnumber optimists.
Read more at Bloomberg Currencies News
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