Business sentiment fell in November, as slowing economic growth weighs on expectations. The forward-looking Business Survey Index (BSI) on business conditions in the manufacturing sector deteriorated for a second consecutive month, falling from 72 points in October to 70 points. The deterioration came on the back of more pessimistic prospects for domestic demand growth and sales for Korea's manufactured products. 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 November, the Bank of Korea (BoK) also publishes an index on current perception of business conditions, which refers to October. According to the BoK, current perceptions in the manufacturing sector inched down from 69 points in September to 68 points in October.
Korea Business Confidence
Business confidence drops on slowing economic growth
October 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 25, 2016
The Korean economy slowed down in the third quarter of this year, expanding at the weakest pace in over a year.
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.