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.

South Korea Business Confidence
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Forecast Data Chart
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Calendar GMT Actual Previous Consensus 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 [+]


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. 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




Country Last Previous
Australia 1.00 Aug/19
Brazil 59.40 Aug/19
Canada 60.60 Aug/19
China 49.50 Aug/19
Euro Area 0.11 Aug/19
France 102.00 Aug/19
Germany 94.30 Aug/19
India 112.80 Sep/19
Indonesia 108.81 Jun/19
Italy 99.70 Aug/19
Japan 7.00 Jun/19
Mexico 49.70 Aug/19
Netherlands 3.90 Aug/19
Russia -2.00 Aug/19
Saudi Arabia 3.00 Jun/16
Singapore -11.00 Jun/19
South Africa 21.00 Sep/19
South Korea 68.00 Aug/19
Spain 1.40 Aug/19
Switzerland 97.00 Aug/19
Turkey 102.50 Aug/19
United Kingdom -32.00 Sep/19
United States 49.10 Aug/19


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