The Business Survey Index (BSI) for the manufacturing sector fell 70 in February of 2024 from 71 in the prior month. Manufacturers reported a slow down in domestic demands (68 vs 71 in January), raw material purchase prices (116 vs 111 in January), sales prices (97 vs 93 in January) and profitability (79 vs 81 in January). On the other hand, export oriented demands (73 vs 71 in January) and sales (80 vs 78 in January) recorded increases. source: The Bank of Korea

Business Confidence in South Korea decreased to 70 points in February from 71 points in January of 2024. Business Confidence in South Korea averaged 79.71 points from 1991 until 2024, reaching an all time high of 119.00 points in December of 1994 and a record low of 35.00 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 February of 2024.

Business Confidence in South Korea decreased to 70 points in February from 71 points in January of 2024. 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. In the long-term, the South Korea Business Confidence is projected to trend around 80.00 points in 2025, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
Width
Height

South Korea Business Confidence


Calendar GMT Reference Actual Previous Consensus TEForecast
2024-01-24 09:00 PM
Business Confidence
Jan 71 70 70
2024-02-20 09:00 PM
Business Confidence
Feb 70 71 72
2024-03-26 09:00 PM
Business Confidence
Mar 70 75


Related Last Previous Unit Reference
Business Confidence 70.00 71.00 points Feb 2024
Manufacturing PMI 51.20 49.90 points Jan 2024
Industrial Production Mom 0.60 3.60 percent Dec 2023
Industrial Production 6.20 5.50 percent Dec 2023
Manufacturing Production 6.68 5.60 percent Dec 2023
Capacity Utilization 103.50 101.90 points Dec 2023
New Orders 7140274.00 9697392.00 KRW Million Dec 2023
Changes in Inventories 3444.30 3270.60 KRW Billion Dec 2023
Bankruptcies 12.00 19.00 Companies Jan 2024
Car Registrations 125490.00 113595.00 Units Jan 2024
Leading Economic Index 113.40 112.90 points Dec 2023
Composite Leading Indicator 100.27 100.13 points Jan 2024
IP Addresses 25814048.00 25049894.00 IP Mar 2017
Internet Speed 28553.69 26116.23 KBps Mar 2017
Steel Production 5700.00 5400.00 Thousand Tonnes Jan 2024
Corruption Rank 32.00 31.00 Dec 2023
Corruption Index 63.00 63.00 Points Dec 2023
Electricity Production 23528.24 23069.49 Gigawatt-hour Dec 2023
Coincident Index 110.10 110.20 points Dec 2023
Mining Production 6.40 8.00 percent Nov 2023
Car Production 370513.00 341024.00 Units Nov 2023
Ease of Doing Business 5.00 5.00 Dec 2019
Competitiveness Rank 13.00 15.00 Dec 2019
Competitiveness Index 79.62 78.84 Points Dec 2019
Cement Production 5221.00 5825.00 Thousands of Tonnes Dec 2017

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.
Actual Previous Highest Lowest Dates Unit Frequency
70.00 71.00 119.00 35.00 1991 - 2024 points Monthly
NSA

News Stream
South Korea Business Morale Retreats from 6-Month High
The Business Survey Index (BSI) for the manufacturing sector fell 70 in February of 2024 from 71 in the prior month. Manufacturers reported a slow down in domestic demands (68 vs 71 in January), raw material purchase prices (116 vs 111 in January), sales prices (97 vs 93 in January) and profitability (79 vs 81 in January). On the other hand, export oriented demands (73 vs 71 in January) and sales (80 vs 78 in January) recorded increases.
2024-02-20
South Korea Business Morale Rise to 6-Month High
The Business Survey Index (BSI) for the manufacturing sector inched higher to 71 in January of 2024 from 70 in the previous month. Manufacturers reported a rise in both domestic demands (71 vs 70 in December) and export oriented demands (71 vs 70 in December). Also, business activities increased for sales (78 vs 76 in December), profitability (81 vs 78 in December), raw material purchase prices (116 vs 111 in December) and sales prices (97 vs 93 in December).
2024-01-24
South Korea Business Mood Steady in December
The Business Survey Index (BSI) for the manufacturing sector remained unchanged at 70 in December of 2023. Manufacturers reported a rise in domestic demands (70 vs 68 in November), while export oriented demands (70 vs 75 in November) fell. Meanwhile, activities slashed for sales (76 vs 77 in November), profitability (78 vs 79 in November), raw material purchase prices (111 vs 115 in November) and sales prices (93 vs 96 in November).
2023-12-27