The Business Survey Index (BSI) on business conditions in the manufacturing sector in South Korea dropped by 2 points from the previous month to 73 in July 2019, and that for the outlook for the following month also fell by 4 points to 71. After seasonal adjustment, the BSI also declined 2 points to 73 and the outlook for the following month declined by 2 points to 74. Business Confidence in South Korea averaged 80.48 Index Points from 1991 until 2019, reaching an all time high of 119 Index Points in December of 1994 and a record low of 35 Index Points in March of 1998.

Business Confidence in South Korea is expected to be 69.00 Index 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 77.00 in 12 months time. In the long-term, the South Korea Business Confidence is projected to trend around 72.00 Index Points in 2020, according to our econometric models.

South Korea Business Confidence
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Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2019-04-29 09:00 PM Business Confidence Apr 75 73 71
2019-05-28 09:00 PM Business Confidence May 76 75 72
2019-06-26 09:00 PM Business Confidence Jun 75 76 74
2019-07-29 10:00 PM Business Confidence Jul 73 75 77
2019-08-28 09:00 PM Business Confidence Aug 73 71
2019-09-30 09:00 PM Business Confidence Sep 69
2019-10-28 09:00 PM Business Confidence Oct


South Korea Business Last Previous Highest Lowest Unit
Business Confidence 73.00 75.00 119.00 35.00 Index Points [+]
Manufacturing PMI 47.30 47.50 52.60 45.70 [+]
Industrial Production -2.90 0.20 39.40 -25.40 percent [+]
Industrial Production Mom 0.20 -1.30 10.50 -10.80 percent [+]
Manufacturing Production -3.10 0.10 40.80 -26.60 percent [+]
Capacity Utilization 101.30 101.40 104.60 3.80 Index Points [+]
New Orders 7376716.00 7329817.00 14895263.00 93961.00 KRW Million [+]
Changes in Inventories 7080.30 6511.70 12981.70 -9865.30 KRW Billion [+]
Bankruptcies 34.00 49.00 3377.00 26.00 Companies [+]
Car Registrations 128915.00 117334.00 155971.00 49944.00 [+]
Leading Economic Index 114.50 114.40 114.50 4.40 Index Points [+]
Internet Speed 28553.69 26116.23 29047.94 6992.81 KBps [+]
IP Addresses 25814048.00 25049894.00 25814048.00 13271570.00 IP [+]
Mining Production -5.90 -5.30 43.10 -36.00 percent [+]
Steel Production 5958.23 6370.58 6405.68 650.00 Thousand Tonnes [+]
Ease of Doing Business 5.00 4.00 23.00 4.00 [+]
Electricity Production 22681.50 23193.02 25106.16 13859.99 Gigawatt-hour [+]
Car Production 4028834.00 4114913.00 4657094.00 1954494.00 [+]
Coincident Index 110.50 110.40 110.50 4.30 Index Points [+]
Competitiveness Index 78.84 78.03 78.84 4.93 Points [+]
Competitiveness Rank 15.00 17.00 26.00 11.00 [+]
Corruption Index 57.00 54.00 57.00 38.00 Points [+]
Corruption Rank 45.00 51.00 52.00 27.00 [+]


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. 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 - actual data, historical chart and calendar of releases - was last updated on August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
73.00 75.00 119.00 35.00 1991 - 2019 Index Points Monthly
NSA




Country Last Previous
Australia 4.00 Jul/19
Brazil 57.40 Jul/19
Canada 54.20 Jul/19
China 49.70 Jul/19
Euro Area -0.12 Jul/19
France 101.00 Jul/19
Germany 95.70 Jul/19
India 113.50 Jun/19
Indonesia 108.81 Jun/19
Italy 100.10 Jul/19
Japan 7.00 Jun/19
Mexico 49.50 Jul/19
Netherlands 3.90 Jul/19
Russia -1.00 Jul/19
Saudi Arabia 3.00 Jun/16
Singapore -11.00 Jun/19
South Africa 28.00 Jun/19
South Korea 73.00 Jul/19
Spain -2.80 Jul/19
Switzerland 97.10 Jul/19
Turkey 98.30 Jul/19
United Kingdom -32.00 Sep/19
United States 51.20 Jul/19


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