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.


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South Korea Business Confidence

Actual Previous Highest Lowest Dates Unit Frequency
74.00 74.00 119.00 35.00 1991 - 2019 points Monthly
NSA



Calendar GMT Actual Previous Consensus TEForecast
2019-09-30 09:00 PM Sep 71 68 69
2019-10-28 09:00 PM Oct 72 71 73
2019-11-27 09:00 PM Nov 74 72 73
2019-12-30 09:00 PM Dec 74 74 74 75
2020-01-29 09:00 PM Jan 74 75


News Stream
2019-11-27
South Korea Business Morale Rises to 5-Month High
The Business Survey Index (BSI) on business conditions in the manufacturing sector in South Korea rose to 74 in November 2019 from 72 in the previous month, hitting its highest level in five months. On the other hand, the outlook for the following month fell to 71 from 72 in October. Meantime, the measure of business conditions at non-manufacturing companies increased to 75 from 74 in the prior month.

2019-10-28
South Korea Business Confidence at 3-Month High
The Business Survey Index (BSI) on business conditions in the manufacturing sector in South Korea climbed by 1 point from the previous month to 72 in October 2019, while the outlook for the following month inched down 1 point to 72. After seasonal adjustment, the BSI gained 2 points to 73 and the outlook for the following month edged up 1 points to 74.

2019-09-30
South Korea Business Confidence Improves in September
The Business Survey Index (BSI) on business conditions in the manufacturing sector in South Korea climbed by 3 points from the previous month to 71 in September 2019, while the outlook for the following month inched up 1 point to 73. After seasonal adjustment, the BSI edged up 1 point to 71 and the outlook for the following month fell by 2 points to 73.

2019-08-28
South Korea Business Confidence Dips to 7-Month Low
The Business Survey Index (BSI) on business conditions in the manufacturing sector in South Korea dropped by 5 points from the previous month to a seven-month low of 68 in August 2019, but that for the outlook for the following month increased by 1 point to 72. After seasonal adjustment, the BSI declined by 3 points to 70 and the outlook for the following month also fell by 3 points to 71.


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.

South Korea Business Last Previous Highest Lowest Unit
Business Confidence 74.00 74.00 119.00 35.00 points [+]
Manufacturing PMI 50.10 49.40 52.60 45.70 points [+]
Industrial Production -0.30 -2.10 38.90 -25.30 percent [+]
Industrial Production Mom -0.50 -1.60 11.00 -11.00 percent [+]
Manufacturing Production -0.10 -2.00 41.60 -26.70 percent [+]
Capacity Utilization 103.20 101.80 104.60 3.80 points [+]
New Orders 5863845.00 7711018.00 14895263.00 93961.00 KRW Million [+]
Changes in Inventories 2431.20 4865.70 12981.70 -9865.30 KRW Billion [+]
Bankruptcies 25.00 33.00 3377.00 22.00 Companies [+]
Car Registrations 139411.00 140404.00 155971.00 49944.00 [+]
Leading Economic Index 116.90 116.00 116.90 4.40 points [+]
Internet Speed 28553.69 26116.23 29047.94 6992.81 KBps [+]
IP Addresses 25814048.00 25049894.00 25814048.00 13271570.00 IP [+]
Mining Production -4.40 0.80 43.10 -36.00 percent [+]
Steel Production 5894.65 5983.07 6405.68 650.00 Thousand Tonnes [+]
Ease of Doing Business 5.00 5.00 23.00 4.00 [+]
Electricity Production 22680.86 22699.20 25106.16 13859.99 Gigawatt-hour [+]
Car Production 4028834.00 4114913.00 4657094.00 1954494.00 [+]
Coincident Index 111.50 111.40 111.50 4.30 points [+]
Competitiveness Index 79.62 78.84 79.62 4.93 Points [+]
Competitiveness Rank 13.00 15.00 26.00 11.00 [+]
Corruption Index 57.00 54.00 57.00 38.00 Points [+]
Corruption Rank 45.00 51.00 52.00 27.00 [+]