The Business Survey Index (BSI) on business conditions in the manufacturing sector in South Korea fell by 5 points to 90 in September of 2021 from 95 in the previous month, the lowest since March. Meantime, the index measuring the outlook for October also decreased by 3 points to 93. In the non-manufacturing sector, the BSI on business conditions went down 2 points to 79 but that for the outlook remained unchanged at 81. The economic sentiment index, a composite of the Business Survey Index and the Consumer Survey Index edged down 0.7 points from the prior month to 104.6 in September. source: The Bank of Korea
Business Confidence in South Korea averaged 80.04 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 October of 2021.
Business Confidence in South Korea is expected to be 89.00 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 2022, according to our econometric models.