Korea Business Confidence

Korea

Korea: Business confidence continues to increase in January

December 29, 2014

The forward-looking business confidence indicator (BSI) for the manufacturing sector published by the Bank of Korea (BoK) inched up from 75 points in December 2014 to 77 in January 2015. However, the index still remains below the 100-point threshold that separates pessimistic from optimistic territory.

According to the Bank, the improvement in January’s business confidence reflected more optimism among export-oriented firms as well as improved expectations regarding sales and profitability. Conversely, domestic-oriented firms were more pessimistic than in the previous month, and expectations over sales prices also deteriorated.

The BSI’s current business conditions index decreased from 75 points in November to 73 points in December on the back of decreased optimism among domestic-oriented firms and worse expectations regarding sale prices.

FocusEconomics Consensus Forecast panelists expect fixed investment to expand 4.2% in 2015, which is up 0.4 percentage points from last month’s forecast. For 2016, the panel expects growth in fixed investment to moderate to 4.0%.


Author:, Economist

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Korea Business Confidence January 2015

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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