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Outlook for manufacturers, non-manufacturers in S. Korea sharply down for March amid COVID-19 outbreak Updated: 2020-03-31 06:01:27 KST

Business sentiment in South Korea tumbled this month as a result of the COVID-19 outbreak.
Its now at a level not seen since the 2008 global financial crisis.
According to the Bank of Korea on Tuesday, the Business Survey Index for manufacturers was down nine-points on-month to 56 for March.
The outlook for April was down 15 points, affected by increasingly pessimistic chipmakers.
Business sentiment for non-manufacturers was down 11-points, with wholesalers, retailers and the IT sector particularly disillusioned.
In the meantime, the Economic Sentiment Index, which measures economic outlook for both companies and households slumped more than 23-points.
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