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S. Korea's BSI for all industries in April stands at 88; highest in 10 years Updated: 2021-04-29 13:29:17 KST

Business sentiment among South Korean companies has hit an almost ten-year high.
The Bank of Korea said on Thursday that the business sentiment index for all industries in April was 88 the highest since June 2011.
Despite the leap however, the figure remains under 100 indicating that pessimists still outnumber optimists.
The central bank attributed the increase to robust exports and growing domestic consumption.
South Korea earlier posted an on-year jump in exports of around 45 percent in the first 20 days of April, backed by strong chips, automobiles and oil products.
By sector, BSI among manufacturers jumped 7 points to 96, thanks to higher chip prices and an increase in sports equipment sales.
While all types of manufacturers had more positive sentiments than the previous month conglomerates and exporters showed outstanding confidence both exceeding 100.
Sentiment among non-manufacturing businesses also rose by 5 points to 82, thanks to the strengthening construction sector.
And with consumption bouncing back, the retail sector saw an increase of 8 points.
Businesses also have a brighter outlook for next month with their forecast for May coming to 89.
The Economic Sentiment Index, which measures economic outlook for both companies and households also surged 4 points in April to 1-hundred-5.3 largely due to strong exports.
Kim Sung-min, Arirang News
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