The Business Survey Index (BSI) on business conditions in the manufacturing sector in South Korea went down 2 points to 95 in August of 2021 from 97 in the previous month. Meantime, the index measuring the outlook for September rose by 4 points to 96. In the non-manufacturing sector, the BSI on business conditions went up 2 points to 81 and that for the outlook for the following month also increased by 3 points to 81. The economic sentiment index, a composite of the Business Survey Index and the Consumer Survey Index climbed 1.4 points from the prior month to 105.3 in August. source: The Bank of Korea

Business Confidence in South Korea averaged 79.95 points from 1991 until 2021, 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 September of 2021.

Business Confidence in South Korea is expected to be 89.00 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 2022, according to our econometric models.

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South Korea Business Confidence

Actual Previous Highest Lowest Dates Unit Frequency
95.00 97.00 119.00 35.00 1991 - 2021 points Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-05-25 09:00 PM May 96 96 98 98
2021-06-24 09:00 PM Jun 98 96 97
2021-07-29 09:00 PM Jul 97 98 99
2021-08-24 09:00 PM Aug 95 97 92
2021-09-29 09:00 PM Sep 95 94
2021-10-28 09:00 PM Oct
2021-11-23 09:00 PM Nov
2021-12-28 09:00 PM Dec


News Stream
South Korea Business Confidence Falls Further
The Business Survey Index (BSI) on business conditions in the manufacturing sector in South Korea went down 2 points to 95 in August of 2021 from 97 in the previous month. Meantime, the index measuring the outlook for September rose by 4 points to 96. In the non-manufacturing sector, the BSI on business conditions went up 2 points to 81 and that for the outlook for the following month also increased by 3 points to 81. The economic sentiment index, a composite of the Business Survey Index and the Consumer Survey Index climbed 1.4 points from the prior month to 105.3 in August.
2021-08-24
S. Korea Business Confidence Highest Since 2011
The Business Survey Index (BSI) on business conditions in the manufacturing sector in South Korea increased to 98 in June of 2021 from 96 in the previous month. It was the highest reading since April of 2011, reflecting an improvement in the business environment and future outlook. Meantime, the index measuring the outlook for July increased by 2 points to 99. In the non-manufacturing sector, the BSI on business conditions stood at 81, unchanged from the previous month, while the outlook for the following month rose by 1 point to 82.
2021-06-24
South Korea Business Confidence Unchanged in May
The Business Survey Index (BSI) on business conditions in the manufacturing sector in South Korea stood at 96 in April of 2021, unchanged from the previous month’s 10-year high and below market expectations of 98. Meantime, the index measuring the outlook for June increased by 1 point to 97. In the non-manufacturing sector, the BSI on business conditions was 81, down 1 point from the previous month.
2021-05-25
South Korea Business Confidence Highest Since 2011
The Business Survey Index (BSI) on business conditions in the manufacturing sector in South Korea increased to 96 in April of 2021 from 89 in the previous month, reflecting an improvement in the business environment and future outlook. Meantime, the index measuring the outlook for May increased by 7 points to 98. In the non-manufacturing sector, the BSI on business conditions was 82, up 5 points from the previous month, while the outlook for the following month rose by 4 points to 82.
2021-04-28

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.