South Korea Business Confidence  Forecast


Business Confidence in South Korea is expected to be 79.00 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 84.37 in 12 months time. In the long-term, the South Korea Business Confidence is projected to trend around 83.00 in 2020, according to our econometric models.


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South Korea Business Last Q4/17 Q1/18 Q2/18 Q3/18 2020
Business Confidence 83 79 82 83 84.37 83
Manufacturing PMI 50.6 50.3 50.2 49.8 49.5 50.9
Industrial Production 2.7 1.7 3.8 3.1 5.56 2.5
Industrial Production Mom 0.4 0.8 0.62 0.1 0.62 1.7
Manufacturing Production 2.9 2.4 3.7 1.9 5.72 1.1
Capacity Utilization 114 114 115 115 115 115
New Orders 5368550 4090671 5691134 5483518 5298666 5110000
Changes in Inventories 263 -2404 1925 2045 2173 5030
Bankruptcies 33 52 41 45 242 58
Car Registrations 137706 139000 145424 164434 117553 155000
Leading Economic Index 133 131 135 133 135 146
Mining Production -20.8 3.5 2.8 -1.5 -2.27 4.7
Steel Production 6160 6150 6200 5730 6066 6410
Cement Production 4432 6100 5700 6400 4560 6540
Coincident Index 126 126 126 126 126 126
Competitiveness Index 5.07 5.05 5.05 5.05 5.05 5.3
Competitiveness Rank 26 25 24 24 24 21
Corruption Index 53 60 63 63 52 68
Corruption Rank 52 34 33 33 48 30
Ease of Doing Business 5 4 6 4 8 3
Electricity Production 23629 24304 22919 23878 22854 24300