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South Korea Manufacturer Confidence Jumps to Eight-Month High

Feb. 28 (Bloomberg) -- South Korean manufacturers’ confidence rose to the highest in eight months as improving demand offsets cost disadvantages caused by the sliding yen.

An index measuring expectations for March increased to 76 from 72 for February, the Bank of Korea said in a statement in Seoul today. A measure of expectations at non-manufacturing companies fell to 69 from 70. A reading below 100 indicates that pessimists outnumber optimists.

Today’s index is based on a survey conducted between Feb. 14 and Feb. 21 with responses from 1,500 manufacturers and 1,042non-manufacturers.

To contact the reporter on this story: Cynthia Kim in Seoul at ckim170@bloomberg.net

To contact the editor responsible for this story: Paul Panckhurst at ppanckhurst@bloomberg.net

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