The Business Survey Index (BSI) on business conditions in the manufacturing sector in South Korea declined to 65 in February 2020 from an 8-month high of 76 in January. It was the lowest reading since February 2016, amid concerns over the fast-spreading coronavirus, as the survey was taken days before South Korea became the country with the largest number of cases outside China. Additionally, the measure of business conditions at non-manufacturing companies dropped to a 3-year low of 64 from 73 in prior month and the outlook for the following month fell to 74 from 75.

Business Confidence in South Korea averaged 80.23 points from 1991 until 2020, reaching an all time high of 119 points in December of 1994 and a record low of 35 points in March of 1998. This page provides the latest reported value for - South Korea Business Confidence - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. South Korea Business Confidence - data, historical chart, forecasts and calendar of releases - was last updated on March of 2020. source: The Bank of Korea

Business Confidence in South Korea is expected to be 50.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Business Confidence in South Korea to stand at 51.00 in 12 months time. In the long-term, the South Korea Business Confidence is projected to trend around 61.00 points in 2021 and 68.00 points in 2022, according to our econometric models.

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South Korea Business Confidence

Actual Previous Highest Lowest Dates Unit Frequency
65.00 76.00 119.00 35.00 1991 - 2020 points Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2019-11-27 09:00 PM Nov 74 72 73
2019-12-30 09:00 PM Dec 74 74 74 75
2020-01-29 09:00 PM Jan 76 74 74 75
2020-02-25 09:00 PM Feb 65 76 74
2020-03-30 09:00 PM Mar 65 50
2020-04-28 09:00 PM Apr
2020-05-26 09:00 PM May
2020-06-29 09:00 PM Jun 45


News Stream
South Korea Business Sentiment Falls to 3-Year Low
The Business Survey Index (BSI) on business conditions in the manufacturing sector in South Korea declined to 65 in February 2020 from an 8-month high of 76 in January. It was the lowest reading since February 2016, amid concerns over the fast-spreading coronavirus, as the survey was taken days just before South Korea became the country with the largest number of cases outside China. Additionally, the measure of business conditions at non-manufacturing companies dropped to a 3-year low of 64 from 73 in prior month and the outlook for the following month fell to 74 from 75.
2020-02-25
South Korea Business Confidence at 8-Month High
The Business Survey Index (BSI) on business conditions in the manufacturing sector in South Korea climbed 2 points to 76 in January 2020 to reach an 8-month high and beat market expectations of 74, as construction rebounded in the last quarter of the year. The outlook for the following month also rose 2 points to 73. Meantime, the measure of business conditions at non-manufacturing companies declined to 73 from 78 in the prior month.
2020-01-29
South Korea Business Confidence Unchanged
The Business Survey Index (BSI) on business conditions in the manufacturing sector in South Korea stood at 74 in December 2019, unchanged from the previous month's five-month high and matching consensus. On the other hand, the outlook for the following month rose 2 points to 73. Meantime, the measure of business conditions at non-manufacturing companies increased to 78 from 75 in the prior month.
2019-12-30
South Korea Business Morale Rises to 5-Month High
The Business Survey Index (BSI) on business conditions in the manufacturing sector in South Korea rose to 74 in November 2019 from 72 in the previous month, hitting its highest level in five months. On the other hand, the outlook for the following month fell to 71 from 72 in October. Meantime, the measure of business conditions at non-manufacturing companies increased to 75 from 74 in the prior month.
2019-11-27

South Korea Business Confidence
In South Korea, the Business Survey Index (BSI) in the manufacturing sector measures the level of optimism that business leaders have about the performance of the economy in the current month and their outlook for the following month. The Index is based on the survey of around 2800 companies in fifteen areas including sales, inventories, production facilities, prices, labor force and profitability. For each of the indicators measured, the net difference between the number of positive responses and the number of negative responses is computed. The BSI above 100 indicates an improving outlook and below 100 a deteriorating outlook.