The Business Survey Index (BSI) on business conditions in the manufacturing sector in South Korea climbed to 51 in June 2020 from 49 in May, rebounding modestly from the lowest reading since February of 2009 amid concerns over the economic implications of the contained coronavirus. The measure of business conditions at non-manufacturing companies increased to 59 from 56 in the prior month and the outlook for the following month also rose by 3 points to 59.
Business Confidence in South Korea averaged 79.79 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 July of 2020. source: The Bank of Korea
Business Confidence in South Korea is expected to be 59.00 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 54.00 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.