Korea Business Confidence December 2016

Korea

Korea: Business confidence remains constant in December

The Bank of Korea’s forward-looking business confidence indicator (BSI) for the manufacturing sector was 72 points in December, identical to November’s figure. The indicator remains firmly entrenched below the 100-point threshold that signals that businesses are more pessimistic than optimistic.

December’s figure reflects lower confidence among export-oriented firms, while domestic demand-oriented manufacturing companies became slightly more optimistic. The survey also showed that firms became more optimistic regarding sales and raw material purchase prices, although firms’ confidence in their profitability was down marginally compared to November.

FocusEconomics Consensus Forecast panelists expect fixed investment to expand 3.9% in 2016, which is up 0.3 percentage points from last month’s forecast. In 2017, the panel expects growth in fixed investment to increase 3.0%, which is down 0.1 percentage points from last month’s forecast.


Author:, Economist

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Korea Business Confidence December 2016

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


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