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.

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South Korea Business Confidence



Calendar GMT Actual Previous Consensus TEForecast
2022-05-24 09:00 PM May 86 87 85
2022-06-29 09:00 PM Jun 83 86 87
2022-07-27 09:00 PM Jul


Related Last Previous Unit Reference
Business Confidence 83.00 86.00 points Jun 2022
Changes in Inventories 2199.30 896.40 KRW Billion Mar 2022
Bankruptcies 12.00 13.00 Companies May 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
83.00 86.00 119.00 35.00 1991 - 2022 points Monthly
NSA

News Stream
S. Korea Manufacturing Mood Falls in June
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.
2022-06-30
South Korea Business Morale Eases in May
The Business Survey Index (BSI) on business conditions in the manufacturing sector in South Korea eased to 86 in May of 2022 from 87 in the prior month. Still, the index measuring the outlook for June edged up by one point to 87. In the non-manufacturing sector, the BSI on business conditions was 86, edging up from 87 in the prior month, while the outlook for the following month forecasted business conditions to remain steady.
2022-05-24
South Korea Business Confidence Up in April
The Business Survey Index (BSI) on business conditions in the manufacturing sector in South Korea rose to 87 in April of 2022 from 84 in the prior month, helped by the phasing out of Covid-19 restrictions. Also, the index measuring the outlook for May increased by 3 points to 88. In the non-manufacturing sector, the BSI on business conditions was 85, up 4 points from the previous month, while the outlook for the following month rose by 3 points to 85.
2022-04-27