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.