South Korean Manufacturer Confidence Stays Near Post-Crisis Low
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South Korean manufacturers’ confidence stayed near the lowest level since the global financial crisis, maintaining pressure for an interest-rate cut to support growth.
An index measuring expectations for September was at 75 from 70 the previous month, the Bank of Korea said in a statement in Seoul today. Those are the only readings below 80 since 2009, with any number below 100 indicating that pessimists outnumber optimists.