Business sentiment deteriorated in June after rising for four consecutive months. The forward-looking Business Survey Index (BSI) on business conditions in the manufacturing sector fell to 86 points from 90 points in May. The weakening came on the back of deteriorating prospects for export growth and financial situation, as tensions in the Eurozone and global financial markets weigh on global demand. With the monthly drop, the index moved further below the 100-point threshold that separates optimistic from pessimistic territory. Along with the prospective business confidence indicator for June, the Bank of Korea (BoK) also publishes an index on current perception of business conditions, which refers to May. According to the BoK, current perceptions in the manufacturing sector remained unchanged from April's 84 points.
Korea Business Confidence
Business confidence drops on slowing demand concerns
May 29, 2012
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Korea Business Confidence Chart
Note: Business Survey Index (BSI). An index value above 100 indicates an optimistic outlook while a value below 100 indicates a pessimistic outlook.
Source: Bank of Korea (BoK).
Korea Economic News
October 13, 2016
At its 13 October monetary policy meeting, the Bank of Korea (BoK) announced that it will hold the base rate constant at a record low of 1.25%, which was largely in line with market expectations.
October 5, 2016
In September, consumer prices rose 0.6% over the previous month, which contrasted the 0.1% decrease in August and overshot the 0.2% increase the markets had expected.
October 3, 2016
Korea’s Customs Services reported that exports totaled USD 40.9 billion in September, which represented a 5.9% contraction over the USD 43.4 billion recorded in the same month last year.
September 30, 2016
The forward-looking business confidence indicator (BSI) for the manufacturing sector produced by the Bank of Korea (BoK) rose from 74 points in September to 75 points in October.
September 30, 2016
In August, industrial production accelerated and expanded 2.3% year-on-year, which was up from both the 1.6% increase registered in July and the 1.6% rise the markets had expected.