The Business Survey Index (BSI) on business conditions in the manufacturing sector in South Korea climbed by 3 points from the previous month to 71 in September 2019, while the outlook for the following month inched up 1 points to 73. After seasonal adjustment, the BSI edged up 1 point to 71 and the outlook for the following month also fell by 2 points to 73. Business Confidence in South Korea averaged 80.39 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 69.00 in 12 months time. In the long-term, the South Korea Business Confidence is projected to trend around 75.00 Index Points in 2020, according to our econometric models.