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.