The Business Survey Index (BSI) on business conditions in the manufacturing sector in South Korea stood at 74 in December 2019, unchanged from the previous month's five-month high and matching consensus. On the other hand, the outlook for the following month rose 2 points to 73. Meantime, the measure of business conditions at non-manufacturing companies increased to 78 from 75 in the prior month. Business Confidence in South Korea averaged 80.30 points from 1991 until 2019, reaching an all time high of 119 points in December of 1994 and a record low of 35 points in March of 1998. source: The Bank of Korea
Business Confidence in South Korea is expected to be 75.00 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 68.00 in 12 months time. In the long-term, the South Korea Business Confidence is projected to trend around 75.00 points in 2020, according to our econometric models.