The Business Survey Index (BSI) on business conditions in the manufacturing sector in South Korea dropped by 5 points from the previous month to a seven-month low of 68 in August 2019, but that for the outlook for the following month increased by 1 point to 72. After seasonal adjustment, the BSI declined by 3 points to 70 and the outlook for the following month also fell by 3 points to 71. Business Confidence in South Korea averaged 80.48 Index Points from 1991 until 2019, reaching an all time high of 119 Index Points in December of 1994 and a record low of 35 Index Points in March of 1998.
Business Confidence in South Korea is expected to be 69.00 Index 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 69.00 in 12 months time. In the long-term, the South Korea Business Confidence is projected to trend around 75.00 Index Points in 2020, according to our econometric models.