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South Korea's Business Sentiment Strengthens in April

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-- The composite business sentiment index in all industries in South Korea increased 0.8 points to 94.9 in April from 94.1 in March, while the outlook for the next month added 0.8 points to 93.9, according to data released by the Bank of Korea on Tuesday.

The outlook for May marked the highest level since August 2024.

The seasonally adjusted composite business sentiment index for the manufacturing sector added two points to 99.1, while the outlook for the following month also added 2.1 points to 98, the central bank said.

For the non-manufacturing sector, the seasonally adjusted composite business sentiment index increased 0.1 points to 92.1, while the outlook for the following month was unchanged at 91.2.

Meanwhile, the economic sentiment index, a composite of the business survey and consumer survey indices, went down 2.3 points to 91.7.

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