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South Korea Manufacturers’ Confidence Rises to 9-Month High

South Korean manufacturers’ confidence rose to the highest level in nine months as signs of improving U.S. and domestic demand buoyed business sentiment.

An index measuring expectations for May was at 90, the strongest since August 2011, up from 85 for April, the Bank of Korea said in a statement in Seoul today. A measure of expectations at non-manufacturing companies advanced to 85 from 82.

The business survey, conducted from April 16 to April 23, was based on responses from 1,617 manufacturers and 888 non-manufacturers.

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