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.

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South Korea Business Confidence


Calendar GMT Actual Previous Consensus TEForecast
2021-11-23 09:00 PM Nov 90 90 89
2021-12-28 09:00 PM Dec 95 90 89
2022-01-26 09:00 PM Jan 95


Related Last Previous Unit Reference
Business Confidence 95.00 90.00 points Dec/21
Changes in Inventories 2800.70 2524.00 KRW Billion Sep/21
Bankruptcies 20.00 8.00 Companies Nov/21

News Stream
South Korea Business Confidence Rebounds to 5-Month High
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.
2021-12-28
South Korea Business Confidence Steady at 8-Month Low
The Business Survey Index (BSI) on business conditions in the manufacturing sector in South Korea stood at 90 in November of 2021, the same value observed in the two past months, and remaining at the lowest level since March. Meantime, the index measuring the outlook for December remained at 88. In the non-manufacturing sector, the BSI on business conditions declined 1 point to 83, while the outlook for the next month also declined, by 2 points to 83. The economic sentiment index, a composite of the Business Survey Index and the Consumer Survey Index ticked up 0.7 point from the prior month to 106.3 in November.
2021-11-23
South Korea Business Confidence Unchanged
The Business Survey Index (BSI) on business conditions in the manufacturing sector in South Korea stood at 90 in October of 2021, unchanged from the previous month's 6-month low. Meantime, the index measuring the outlook for November declined by 5 points to 88. In the non-manufacturing sector, the BSI on business conditions rose by 5 points to 84 and that for the outlook climbed by 4 points to 85. The economic sentiment index, a composite of the Business Survey Index and the Consumer Survey Index edged up 1 point from the prior month to 105.6 in October.
2021-10-28

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.