New data show business sentiment for June is looking tepid,... due to a number of factors.But state-run agencies say their outlook is still bright, and that the slight declines are just temporary.Kim Ji-yeon reports Business sentiment among Korean companies for next month remained static for the most part, but edged up slightly for some.They expect a decline in domestic demand, along with increased competition and economic uncertainties. Data released by the Bank of Korea on Wednesday show the business survey index for manufacturing firms stood unchanged for June at 84.For non-manufacturing companies it was at 80... up two points from this month.A reading below 100 means pessimists outnumber optimists. Business sentiment among manufacturers had been rising for four months in a row starting in January... thanks to strong exports.But in May it fell by one point to 82,... marking the first decline in nine months.Despite the discouraging data for May and June, the Bank of Korea says it remains optimistic that the economy is on track for a recoveryThe BOK sees the drop as temporary,... chalking it up to fewer working days in May due to holidays early in the month. Statistics Korea, meanwhile, has data reinforcing the weak sentiment readings.Its data, also released Wednesday, shows industrial output in April dropped one-percent from the previous month,... the steepest decline in over a year.Production was sluggish in the sectors that had recently been leading output, including the semiconductor and automobile businesses.Kim Ji-yeon, Arirang News.
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