The Business Survey Index (BSI) on business conditions in the manufacturing sector in South Korea rose to 95 in December of 2021 after three consecutive months steady at 90, marking the highest level in the past five months. Meantime, the index measuring the outlook for January rose to 92 from 88 in the previous month. In the non-manufacturing sector, the BSI on business conditions declined 1 point to 82, while the outlook for the next month also declined, by 5 points to 78. The economic sentiment index, a composite of the Business Survey Index and the Consumer Survey Index decreased by 1.7 points to 104.6 in December. source: The Bank of Korea
Business Confidence in South Korea averaged 80.17 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 January of 2022.
Business Confidence in South Korea is expected to be 87.00 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.