The Business Survey Index (BSI) on business conditions in the manufacturing sector in South Korea declined to 82 in February 2021 from 85 in December, as uncertainty over rising global yields and over vaccine rollouts intensified. Meanwhile, the index measuring the outlook for March increased by 4 points to 85. In the non-manufacturing sector, the BSI on business conditions was 72, up 2 points from the previous month, while the outlook for the following month rose by 3 points to 73. source: The Bank of Korea

Business Confidence in South Korea averaged 79.66 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 February of 2021.

Business Confidence in South Korea is expected to be 81.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Business Confidence in South Korea to stand at 70.00 in 12 months time. 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

Actual Previous Highest Lowest Dates Unit Frequency
82.00 85.00 119.00 35.00 1991 - 2021 points Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-11-24 09:00 PM Nov 85 79 66
2020-12-29 09:00 PM Dec 82 85 80
2021-01-27 09:00 PM Jan 85 82 83
2021-02-23 09:00 PM Feb 82 85 83
2021-03-30 09:00 PM Mar 82 84
2021-04-28 09:00 PM Apr
2021-05-25 09:00 PM May
2021-06-24 09:00 PM Jun


News Stream
South Korea Business Confidence Sheds 3 Points
The Business Survey Index (BSI) on business conditions in the manufacturing sector in South Korea declined to 82 in February 2021 from 85 in December, as uncertainty over rising global yields and over vaccine rollouts intensified. Meanwhile, the index measuring the outlook for March increased by 4 points to 85. In the non-manufacturing sector, the BSI on business conditions was 72, up 2 points from the previous month, while the outlook for the following month rose by 3 points to 73.
2021-02-23
South Korea Business Confidence Gains 3 Points
The Business Survey Index (BSI) on business conditions in the manufacturing sector in South Korea declined to 85 in December 2020 from 82 in November, as uncertainty over the coronavirus pandemic and vaccine distribution retreated. In the non-manufacturing sector, the BSI on business conditions for November 2020 was 68, up 2 points from the previous month, while the outlook for the following month rose by 6 points to 70.
2021-01-27
South Korea Business Confidence Falls 3 Points
The Business Survey Index (BSI) on business conditions in the manufacturing sector in South Korea declined to 82 in November 2020 from 85 in October. Confidence retreated from the highest reading since April 2012, as uncertainty over the coronavirus pandemic and vaccine distribution dented sentiment. In the non-manufacturing sector, the BSI on business conditions for November 2020 was 68, down 5 points from the previous month, while the outlook for the following month also fell by 8 points to 64.
2020-12-29
South Korea Business Confidence Climbs Further
The Business Survey Index (BSI) on business conditions in the manufacturing sector in South Korea rose to 85 in November 2020 from 79 in October. It was the highest reading since April 2012 as the economy continues to recover from the coronavirus pandemic. In the non-manufacturing sector, the BSI on business conditions for November 2020 was 73, up 4 points from the previous month, while the outlook for the following month also gained 3 points to 72.
2020-11-24

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.