The Business Survey Index (BSI) on business conditions in the manufacturing sector in South Korea climbed by 1 point from the previous month to 72 in October 2019, while the outlook for the following month inched down 1 point to 72. After seasonal adjustment, the BSI gained 2 points to 73 and the outlook for the following month edged up 1 points to 74. Business Confidence in South Korea averaged 80.35 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 75.00 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 68.00 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.