The Business Survey Index (BSI) on business conditions in the manufacturing sector in South Korea rose to 85 in November 2020 from 79 in October. It was the highest reading since April 2012 as the economy continues to recover from the coronavirus pandemic. In the non-manufacturing sector, the BSI on business conditions for November 2020 was 73, up 4 points from the previous month, while the outlook for the following month also gained 3 points to 72. source: The Bank of Korea

Business Confidence in South Korea averaged 79.62 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 December of 2020.

Business Confidence in South Korea is expected to be 65.00 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 60.00 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
85.00 79.00 119.00 35.00 1991 - 2020 points Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-08-25 09:00 PM Aug 66 59 53
2020-09-28 09:00 PM Sep 68 66 61
2020-10-28 09:00 PM Oct 79 68 68
2020-11-24 09:00 PM Nov 85 79 66
2020-12-29 09:00 PM Dec 85 65
2021-01-29 09:00 PM Jan
2021-02-25 09:00 PM Feb
2021-03-30 09:00 PM Mar


News Stream
South Korea Business Confidence Climbs Further
The Business Survey Index (BSI) on business conditions in the manufacturing sector in South Korea rose to 85 in November 2020 from 79 in October. It was the highest reading since April 2012 as the economy continues to recover from the coronavirus pandemic. In the non-manufacturing sector, the BSI on business conditions for November 2020 was 73, up 4 points from the previous month, while the outlook for the following month also gained 3 points to 72.
2020-11-24
South Korea Business Confidence at 28-Month High
The Business Survey Index (BSI) on business conditions in the manufacturing sector in South Korea rose to 68 in August 2020 from 66 in July. It was the highest reading since January as the economy continues to recover from the coronavirus pandemic. In contrast, the measure of business conditions at non-manufacturing companies fell to 62 from 66 in June, while the outlook for the following month fell by 7 points to 62.
2020-10-28
South Korea Business Confidence at 8-Month High
The Business Survey Index (BSI) on business conditions in the manufacturing sector in South Korea rose to 68 in August 2020 from 66 in July. It was the highest reading since January as the economy continues to recover from the coronavirus pandemic. In contrast, the measure of business conditions at non-manufacturing companies fell to 62 from 66 in June, while the outlook for the following month fell by 7 points to 62.
2020-09-28
South Korea Business Confidence Improves
The Business Survey Index (BSI) on business conditions in the manufacturing sector in South Korea rose to 66 in August 2020 from 59, as the economy continues to recover from the coronavirus pandemic. The measure of business conditions at non-manufacturing companies increased to 66 from 65 in July and the outlook for the following month went up by 6 points to 69.
2020-08-25

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.