Business sentiment improved in April for a third consecutive month, rising to the highest level observed since October 2011. The forward-looking Business Survey Index (BSI) on business conditions in the manufacturing sector rose to 85 points, up from 84 points in March. The improvement came on the back of better prospects for exports, sales and domestic demand growth. 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 April, the Bank of Korea (BOK) also published an index on current perception of business conditions, which refers to March. According to the BOK, current perceptions in the manufacturing sector inched up to 81 points in March from 80 points in February. Depressed business sentiment does not bode well for investment going forward.
Korea Business Confidence
Business confidence rises to six-month high
April 18, 2012
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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.