Biz sentiment for May pessimistic due to Middle East crisis: poll
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South Korea's business sentiment for May is pessimistic, with a Business Survey Index (BSI) of 87.5, indicating more pessimists than optimists. The manufacturing sector's outlook is at 86.5, with the oil refinery and chemical industry at 89.7, and automotive at 82.8. The non-manufacturing sector's BSI is 88.4. Rising crude oil prices and shipping costs are impacting sentiment. The Federation of Korean Industries urges government support for price stability and measures to mitigate raw material supply disruptions.
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