The confidence index in the industrial sector in South Korea has declined to the lowest level in a year and a half during the month of November, in light of the increasing concerns about the global economic slowdown, according to a report published on Sunday.
According to the South Korean Yonhap News Agency, the Korean Institute for Industrial Economics and Trade revealed that the confidence index in the conditions of the industrial sector decreased to 70 for the next month from 91 in October.
Since May 2020, when he received a score of 75, this is the lowest point the index has ever recorded.
In the majority of industries, including chips, screens, and automobiles, the index has fallen below 100.
It is noteworthy that recording above 100 means a feeling of optimism higher than a feeling of pessimism, and the poll was conducted at the beginning of this month, and included 168 experts in the main industries..
The next month will see a drop in South Korea’s industry sector’s confidence index.
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