Business sentiment improved in March for a second consecutive month. The forward-looking Business Survey Index (BSI) on business conditions in the manufacturing sectors rose to 84 points from 81 points in February and marked the highest level in five months. The improvement came on the back of better prospects for exports, which offset weaker expectations of domestic demand growth. That said, the index remains well below the 100 point-threshold that separates optimistic from pessimistic territory. Along with the prospective business confidence indicator for March, the Bank of Korea (BOK) also published an index on current perception of business conditions, which refers to February. According to the BOK, current perceptions in the manufacturing sector rose to 80 in February from 78 in January. Pessimistic business sentiment does not bode well for investment going forward.
Korea Business Confidence
Business confidence improves in March
February 27, 2012
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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.