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. source: The Bank of Korea
Business Confidence in South Korea averaged 79.61 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 October 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.