Business Sentiment Index Rises 0.8 Points to 94.9; Bank of Korea Announces

According to the Bank of Korea's April business survey, the overall industrial business sentiment index (CBSI) was recorded at 94.9. This marks a 0.8-point increase from the previous month.

This rise in the index is attributed to improved manufacturing business conditions driven by favorable exports and inventory management.

By sector, the manufacturing sentiment index rose 2 points from the previous month to 99.1, the highest level since August 2022. The non-manufacturing sentiment index increased by 0.1 points to 92.1.

The outlook for the business sentiment index (CBSI) for the next month was recorded at 93.9, up 0.8 points from the previous month's outlook.