The Business Survey Index (BSI) for the manufacturing sector in South Korea increased to 73 in May of 2023, from 70 in the previous month. Manufacturers reported an increase in export-oriented demand (70 vs. 64 in April), while domestic demand (74 vs. 74 in April), and sales (78 vs. 78 in April). On the other hand, manufacturers recorded a decrease in raw material purchase prices (111 vs. 112 in April). source: The Bank of Korea

Business Confidence in South Korea averaged 80.01 points from 1991 until 2023, 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 June of 2023.

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.

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South Korea Business Confidence



Calendar GMT Actual Previous Consensus TEForecast
2023-04-26 09:00 PM Apr 70 70 69
2023-05-23 09:00 PM May 73 70 70
2023-06-28 09:00 PM Jun 80


Related Last Previous Unit Reference
Business Confidence 73.00 70.00 points May 2023
Changes in Inventories 5649.70 3303.80 KRW Billion Mar 2023
Bankruptcies 19.00 8.00 Companies Apr 2023

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
73.00 70.00 119.00 35.00 1991 - 2023 points Monthly
NSA

News Stream
South Korea Business Mood Improves in May
The Business Survey Index (BSI) for the manufacturing sector in South Korea increased to 73 in May of 2023, from 70 in the previous month. Manufacturers reported an increase in export-oriented demand (70 vs. 64 in April), while domestic demand (74 vs. 74 in April), and sales (78 vs. 78 in April). On the other hand, manufacturers recorded a decrease in raw material purchase prices (111 vs. 112 in April).
2023-05-23
South Korea Business Mood Unchanged in April
The Business Survey Index (BSI) for the manufacturing sector in South Korea was steady at 70 in April of 2023, unchanged from the previous month. Manufacturers reported no change in business conditions both for domestic (74 vs. 74 in March) and export-oriented demand (66 vs. 66 in March), while sentiment improved for sales (78 vs. 76 in March). On the other hand, manufacturers recorded a decrease in raw material purchase prices (112 vs. 116 in March), dragging sales prices lower (91 vs. 94 in March).
2023-04-26
South Korea Business Morale Improves in March
The Business Survey Index (BSI) for the manufacturing sector in South Korea rose to 70 in March of 2023 from 63 in the previous month. Sentiment improved for sales (76 vs. 73 in February), as manufacturers reported better business conditions both for domestic (74 vs. 65) and export-oriented demand (66 vs. 61). Also, manufacturers recorded an increase in raw material purchase prices (116 vs. 114), driving sales prices higher (94 vs. 91).
2023-03-29