South Korean Manufacturers’ Confidence Is Near 30-Month Low
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South Korean manufacturers’ confidence is near a 30-month low as Europe’s debt crisis dims the outlook for exports.
An index measuring expectations for February was at 81 from January’s 79, the lowest level since July 2009, a statement from the Bank of Korea showed in Seoul today. A measure of expectations at non-manufacturing companies was unchanged at 79. A reading below 100 indicates pessimists outnumber optimists.