Fri, 27 Jan 2012 07:29:05 GMT
South Korean producer confidence drops on European uncertainty
The confidence of South Korean manufacturers declined, reaching 30-month low, as producers cut their Europe exports outlook. A gauge measuring predictions for February fell to 81, which is the lowest reading since July 2009, said Bank of Korea. Index measuring expectations for non-manufacturing goods was flat at 79. Any reading below 100 means that pessimists offset optimists.