Business · Economy · 2 hrs ago
Business sentiment rises in manufacturing and services in Daegu-Gyeongbuk
Business sentiment rose in both sectors in South Korea’s Daegu-Gyeongbuk region in October, according to the Bank of Korea’s regional office.
The manufacturing index reached 106.4, up 5.8 points from September, while the non-manufacturing index rose 3.5 points to 98.5.
A score above 100 means sentiment is more optimistic than its long-term average, while a lower score means it is more pessimistic.
Manufacturers expect sentiment to hold at 106.4 next month, but the non-manufacturing outlook fell 3.3 points to 95.4.
Weak domestic demand was the top concern for both groups, cited by 24.7% of manufacturers and 20.6% of non-manufacturing firms.
Manufacturers also pointed to rising raw material prices, while non-manufacturing firms cited labor shortages and higher labor costs; the survey covered 358 responding businesses in Daegu and Gyeongbuk.
Daegu-Gyeongbuk’s October business sentiment index rose in both manufacturing and non-manufacturing, the Bank of Korea’s regional office said.
The manufacturing index was 106.4, up 5.8 points from the previous month.
The non-manufacturing index was 98.5, up 3.5 points.
For the following month, the manufacturing outlook index rose to 106.4, while the non-manufacturing outlook fell to 95.4.
Weak domestic demand was the most frequently cited business difficulty in both sectors.
- Who
- The Bank of Korea’s Daegu-Gyeongbuk office reported the figures, based on responses from 358 businesses in Daegu and Gyeongbuk.
- What
- October business sentiment indexes rose in manufacturing and non-manufacturing.
- When
- The figures were announced on October 29, 2026. The survey was conducted from October 12 to 20.
- Where
- Daegu and Gyeongbuk, South Korea.
- Why
- Not stated
This story does not have two clearly opposing sides.
The survey was conducted among businesses in Daegu and Gyeongbuk.
The Bank of Korea’s Daegu-Gyeongbuk office announced the October business sentiment figures.
- Manufacturing index
- 106.4, up 5.8 points from the previous month
- Non-manufacturing index
- 98.5, up 3.5 points from the previous month
- Manufacturing outlook
- 106.4, up 4.1 points
- Non-manufacturing outlook
- 95.4, down 3.3 points
- Survey responses
- 358 businesses, or 63.0% of 568 sampled businesses