Most Popular
-
1
Actor Jung Woo-sung admits to being father of model Moon Ga-bi’s child
-
2
Wealthy parents ditch Korean passports to get kids into international school
-
3
Man convicted after binge eating to avoid military service
-
4
First snow to fall in Seoul on Wednesday
-
5
Industry experts predicts tough choices as NewJeans' ultimatum nears
-
6
Final push to forge UN treaty on plastic pollution set to begin in Busan
-
7
Nvidia CEO signals Samsung’s imminent shipment of AI chips
-
8
Korea to hold own memorial for forced labor victims, boycotting Japan’s
-
9
Opposition chief acquitted of instigating perjury
-
10
Job creation lowest on record among under-30s
Business sentiment among Korean builders made modest gains in February after plunging to a 17-month low the previous month, a report showed Thursday.
The monthly construction business sentiment index gained 4.4 points from a month before to reach 66.7, according to the report by the Construction and Economy Research Institute of Korea.
An index reading below 100 indicates pessimists outnumber optimists.
“The figure represents an improvement compared to January’s tally, but still highlights the serious challenges facing the country’s construction industry as a whole,” the CERIK said.
It said the low numbers reflected the difficult business environment facing domestic builders, which have been hurt by the sluggish real estate market.
The latest report showed smaller-sized builders were feeling the pinch more from the general sluggishness in the construction market.
The CBSI for small-time builders stood at 45.6, up 8.8 points from the month before, while numbers for large companies stood at 92.9, a gain of 16.0 points.
Index numbers for mid-sized construction firms fell 11.3 points to 58.3 points.
For March, the research institute predicted the overall CBSI would reach 73.7 points, a gain of 7.0 from the second month of 2012.
(Yonhap News)
The monthly construction business sentiment index gained 4.4 points from a month before to reach 66.7, according to the report by the Construction and Economy Research Institute of Korea.
An index reading below 100 indicates pessimists outnumber optimists.
“The figure represents an improvement compared to January’s tally, but still highlights the serious challenges facing the country’s construction industry as a whole,” the CERIK said.
It said the low numbers reflected the difficult business environment facing domestic builders, which have been hurt by the sluggish real estate market.
The latest report showed smaller-sized builders were feeling the pinch more from the general sluggishness in the construction market.
The CBSI for small-time builders stood at 45.6, up 8.8 points from the month before, while numbers for large companies stood at 92.9, a gain of 16.0 points.
Index numbers for mid-sized construction firms fell 11.3 points to 58.3 points.
For March, the research institute predicted the overall CBSI would reach 73.7 points, a gain of 7.0 from the second month of 2012.
(Yonhap News)
-
Articles by Korea Herald
