S. Korean firms operating in China less optimistic about Q4
상태바
S. Korean firms operating in China less optimistic about Q4
  • Shin Jin-seon
  • 승인 2018.10.22 09:39
  • 댓글 0
이 기사를 공유합니다

A majority of South Korean companies operating in China are less optimistic about business conditions in the fourth-quarter of this year, as the Chinese economy is cooling amid a trade spat with the United States, a survey showed on Oct. 21, 2018.

According to the survey of 218 manufacturers, conducted by the Korea Institute for Industrial Economics and Trade (KIET), their business survey index (BSI) stood at 103 for the October-December period, down 12 from a quarter ago.

A BSI reading above 100 means optimists outnumber pessimists.

The BSI for sales outlook was also over 100, coming in at 117, down 8 from a quarter ago, the survey showed.

By sector, the electronics, electric and retail sectors painted a gloomy picture for the fourth quarter, while automaking and textile segments remained bullish over business conditions in China, it showed.

Last week, China reported its weakest quarterly growth since the first quarter of 2009 during the global financial crisis.

China's economic growth sank to 6.5 percent on-year in the third quarter, compared with the previous quarter's 6.7 percent. (Yonhap)


댓글삭제
삭제한 댓글은 다시 복구할 수 없습니다.
그래도 삭제하시겠습니까?
댓글 0
댓글쓰기
계정을 선택하시면 로그인·계정인증을 통해
댓글을 남기실 수 있습니다.
주요기사