South Korea Business Confidence

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.

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Calendar	GMT		Actual	Previous	TEForecast
2019-05-28	09:00 PM	Business Confidence May	76	75	72
2019-06-26	09:00 PM	Business Confidence Jun	75	76	74
2019-07-29	10:00 PM	Business Confidence Jul	73	75	77
2019-08-28	09:00 PM	Business Confidence Aug	68	73	71
2019-09-30	09:00 PM	Business Confidence Sep		68	69
2019-10-28	09:00 PM	Business Confidence Oct
2019-11-27	09:00 PM	Business Confidence Nov

South Korea Business	Last	Previous	Highest	Lowest	Unit
Business Confidence	68.00	73.00	119.00	35.00	Index Points	[+]
Manufacturing PMI	49.00	47.30	52.60	45.70		[+]
Industrial Production	0.60	-2.60	38.90	-25.30	percent	[+]
Industrial Production Mom	2.60	0.10	11.00	-11.00	percent	[+]
Manufacturing Production	0.80	-2.70	41.60	-26.70	percent	[+]
Capacity Utilization	101.60	101.30	104.60	3.80	Index Points	[+]
New Orders	6482950.00	7376716.00	14895263.00	93961.00	KRW Million	[+]
Changes in Inventories	7107.20	6511.70	12981.70	-9865.30	KRW Billion	[+]
Bankruptcies	44.00	34.00	3377.00	26.00	Companies	[+]
Car Registrations	114012.00	128915.00	155971.00	49944.00		[+]
Leading Economic Index	114.50	114.50	114.50	4.40	Index Points	[+]
Internet Speed	28553.69	26116.23	29047.94	6992.81	KBps	[+]
IP Addresses	25814048.00	25049894.00	25814048.00	13271570.00	IP	[+]
Steel Production	6040.85	5958.23	6405.68	650.00	Thousand Tonnes	[+]
Mining Production	-2.90	-4.90	43.10	-36.00	percent	[+]
Ease of Doing Business	5.00	4.00	23.00	4.00		[+]
Electricity Production	23513.68	22681.50	25106.16	13859.99	Gigawatt-hour	[+]
Car Production	4028834.00	4114913.00	4657094.00	1954494.00		[+]
Coincident Index	110.70	110.50	110.70	4.30	Index Points	[+]
Competitiveness Index	78.84	78.03	78.84	4.93	Points	[+]
Competitiveness Rank	15.00	17.00	26.00	11.00		[+]
Corruption Index	57.00	54.00	57.00	38.00	Points	[+]
Corruption Rank	45.00	51.00	52.00	27.00		[+]

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. 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 - actual data, historical chart and calendar of releases - was last updated on September of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	68.00	73.00	119.00	35.00	1991 - 2019	Index Points	Monthly	NSA

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Country	Last		Previous	Range
Australia	1.00	Aug/19	4	21 : -30	Index Points
Brazil	59.40	Aug/19	57.4	68.5 : 35	Index Points
Canada	60.60	Aug/19	54.2	75 : 36.1	Index Points
China	49.50	Aug/19	49.7	59.2 : 38.8	Index Points
Euro Area	0.11	Aug/19	-0.11	1.63 : -3.31	Index Points
France	102.00	Aug/19	101	124 : 66	Index Points
Germany	94.30	Aug/19	95.8	110 : 80	Index Points
India	112.80	Sep/19	114	128 : 96.4	Index Points
Indonesia	108.81	Jun/19	102	122 : 95.12	Index Points
Italy	99.70	Aug/19	100	122 : 71.5	Index Points
Japan	7.00	Jun/19	12	53 : -58	Index Points
Mexico	49.70	Aug/19	49.4	58.6 : 34	Index Points
Netherlands	3.90	Aug/19	3.9	10.9 : -23.5	Index Points
Russia	-2.00	Aug/19	-1	7 : -20	Index Points
Saudi Arabia	3.00	Jun/16	-12	63 : -12	Index Points
Singapore	-11.00	Jun/19	1	54 : -57	Index Points
South Africa	21.00	Sep/19	28	92 : 12	Index Points
South Korea	68.00	Aug/19	73	119 : 35	Index Points
Spain	1.40	Aug/19	-2.8	8.5 : -39	Index Points
Switzerland	97.00	Aug/19	97	119 : 71.8	Index Points
Turkey	102.50	Aug/19	98.3	123 : 52.6	Index Points
United Kingdom	-32.00	Sep/19	-13	55 : -75	Index Points
United States	49.10	Aug/19	51.2	77.5 : 29.4	Index Points