The Business Survey Index (BSI) on business conditions in the manufacturing sector in South Korea rebounded to 89 in March 2021 from 82 in February, as uncertainty over rising global yields and over vaccine rollouts declined. Meanwhile, the index measuring the outlook for April increased by 6 points to 91. In the non-manufacturing sector, the BSI on business conditions was 77, up 5 points from the previous month, while the outlook for the following month rose by 5 points to 78. source: The Bank of Korea
Business Confidence in South Korea averaged 79.70 points from 1991 until 2021, 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 April of 2021.
Business Confidence in South Korea is expected to be 84.00 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 70.00 in 12 months time. In the long-term, the South Korea Business Confidence is projected to trend around 80.00 points in 2022, according to our econometric models.