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.

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South Korea Business Confidence

Actual Previous Highest Lowest Dates Unit Frequency
51.00 49.00 119.00 35.00 1991 - 2020 points Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-03-30 09:00 PM Mar 56 65 50
2020-04-28 09:00 PM Apr 52 56 38
2020-05-26 09:00 PM May 49 52 57
2020-06-29 09:00 PM Jun 51 49 59
2020-07-29 10:00 PM Jul 51
2020-08-25 09:00 PM Aug
2020-09-28 09:00 PM Sep 49
2020-10-28 09:00 PM Oct


News Stream
S. Korea Business Confidence Rebounds from Low
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.
2020-06-29
South Korea Business Confidence Falls Further
The Business Survey Index (BSI) on business conditions in the manufacturing sector in South Korea fell to 49 in May 2020 from 52 in April. It was the lowest reading since February of 2009, amid concerns over the economic implications of the contained coronavirus. In contrast, the measure of business conditions at non-manufacturing companies increased to 56 from 50 in the prior month and the outlook for the following month also improved by 6 points to 56.
2020-05-26
South Korea Business Confidence Falls Further
The Business Survey Index (BSI) on business conditions in the manufacturing sector in South Korea fell to 52 in April 2020 from 56 in March. It was the lowest reading since February of 2009, amid concerns over the economic implications of the contained coronavirus. Additionally, the measure of business conditions at non-manufacturing companies dropped to 50 from 53 in prior month and the outlook for the following month fell by 5 points to 47.
2020-04-28
South Korea Business Confidence at 11-Year Low
The Business Survey Index (BSI) on business conditions in the manufacturing sector in South Korea plunged to 56 in March 202065 in February. It was the lowest reading since March 2009, amid concerns over the fast-spreading coronavirus. Additionally, the measure of business conditions at non-manufacturing companies dropped to 53 from 64 in prior month and the outlook for the following month fell by 16 points to 52.
2020-03-30

South Korea Business Confidence
In South Korea, the Business Survey Index (BSI) in the manufacturing sector measures the level of optimism that business leaders have about the performance of the economy in the current month and their outlook for the following month. The Index is based on the survey of around 2800 companies in fifteen areas including sales, inventories, production facilities, prices, labor force and profitability. For each of the indicators measured, the net difference between the number of positive responses and the number of negative responses is computed. The BSI above 100 indicates an improving outlook and below 100 a deteriorating outlook.