SEOUL, Nov. 27 (Xinhua) -- Sentiment of South Korean businesses over economic situation worsened in November due to the lackluster manufacturing activity, central bank data showed Wednesday.
The composite business sentiment index (CBSI) in all industries slipped 0.6 points over the month to 91.5 this month, after rising 0.9 points in October, according to the Bank of Korea (BOK).
The downturn was attributable to weaker demand for manufacturing products both at home and abroad as well as production disruptions in some domestic sectors, the BOK noted.
The index hovered below the long-term average of 100 amid lingering economic uncertainties.
The CBSI among manufacturers declined 2.0 points to 90.6 in November compared to the previous month, but the index for non-manufacturers added 0.4 points to 92.1.
The results were based on a survey of 1,869 manufacturers and 1,457 non-manufacturers conducted between Nov. 12 and Nov. 19.
Manufacturers selected faltering domestic demand, economic uncertainties and slowing export as major barriers to doing business, while non-manufacturers picked domestic demand slump, uncertain economic situations and higher labor cost.
The economic sentiment index (ESI), which reflects sentiment among both businesses and consumers, stood at 92.7 in November, up 0.2 points from the previous month. Enditem
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