The Business Survey Index (BSI) on business conditions in the manufacturing sector in South Korea declined to 82 in November 2020 from 85 in October. Confidence retreated from the highest reading since April 2012, as uncertainty over the coronavirus pandemic and vaccine distribution dented sentiment. In the non-manufacturing sector, the BSI on business conditions for November 2020 was 68, down 5 points from the previous month, while the outlook for the following month also fell by 8 points to 64. source: The Bank of Korea
Business Confidence in South Korea averaged 79.63 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 January of 2021.
Business Confidence in South Korea is expected to be 80.00 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 80.00 in 12 months time. In the long-term, the South Korea Business Confidence is projected to trend around 70.00 points in 2021, according to our econometric models.