SEOUL, Jan. 29 (Chinese media) -- South Korean business survey index (BSI) posted 49 in February, up from a record low of 44 in January, the Bank of Korea (BOK) said Thursday.
"A set of rate cuts and economic stimulus plans helped lift manufacturers' confidence for February," said Chang Young-jae, a BOK official.
Chang said, however, the rebound came like a reflex as the index for January severely worsened, adding that manufacturers' sentiment is expected to remain weak amid the deepening economic downturn.
Meanwhile, the BSI for the export outlook came in at 60 for the next month, up from a record low of 59 in January.
The BOK said the low figure reflects companies' expectations that exports will be dented further amid the deepening global slump.
The BIS index, a proxy of manufacturers' confidence, below 100 indicates that pessimists outnumber optimists.
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