Business sentiment improved in May for a fourth consecutive month, rising to the highest level observed since August 2011. The forward-looking Business Survey Index (BSI) on business conditions in the manufacturing sector rose to 90 points, up from 85 points in April. The improvement came on the back of better prospects for production growth, new orders and the financial situation. That said, despite the improvement, the index remains well below the 100-point threshold that separates optimistic from pessimistic territory. Along with the prospective business confidence indicator for May, the Bank of Korea (BOK) also publishes an index on current perception of business conditions, which refers to April. According to the BOK, current perceptions in the manufacturing sector edged up to 84 points in April from 81 points in March.
Korea Business Confidence
Business confidence strengthens in May
April 30, 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
Activity in Korea’s manufacturing sector deteriorated significantly in Q3.
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.