The Business Survey Index (BSI) for the manufacturing sector in South Korea fell to 83 points in June 2022 from 86 in May, while business conditions are expected to deteriorate further in July to 82 points, possibly hitting the lowest since January 2021. The index for both large enterprises and SMEs also decreased 3 points each. Meanwhile, the index for export-oriented manufacturers posted a drop of 7 points, while that for domestic-focused firms declined at a milder pace by 1 point. source: The Bank of Korea
Business Confidence in South Korea averaged 80.31 points from 1991 until 2022, 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 July of 2022.
Business Confidence in South Korea is expected to be 87.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Korea Business Confidence is projected to trend around 80.00 points in 2023, according to our econometric models.