The Business Survey Index (BSI) on business conditions in the manufacturing sector in South Korea rose to 57 in July 2020, recovering from 51 in June and May’s 11-year low of 49, amid the coronavirus pandemic. The measure of business conditions at non-manufacturing companies increased to 62 from 60 in June and the outlook for the following month also went up by 1 point to 60.
Business Confidence in South Korea averaged 79.70 points from 1991 until 2020, 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 August of 2020. source: The Bank of Korea
Business Confidence in South Korea is expected to be 55.00 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 60.00 in 12 months time. In the long-term, the South Korea Business Confidence is projected to trend around 61.00 points in 2021 and 68.00 points in 2022, according to our econometric models.