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.