Korea Business Confidence


Korea: Business confidence drops on slowing demand concerns

May 29, 2012

Business sentiment deteriorated in June after rising for four consecutive months. The forward-looking Business Survey Index (BSI) on business conditions in the manufacturing sector fell to 86 points from 90 points in May. The weakening came on the back of deteriorating prospects for export growth and financial situation, as tensions in the Eurozone and global financial markets weigh on global demand. 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 June, the Bank of Korea (BoK) also publishes an index on current perception of business conditions, which refers to May. According to the BoK, current perceptions in the manufacturing sector remained unchanged from April's 84 points.


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Korea Business Confidence Chart

Korea Business Confidence May 2012

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).

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