Korea Business Confidence May 2016

Korea

Korea: Business confidence improves for second consecutive month in May

April 29, 2016

The forward-looking business confidence indicator (BSI) for the manufacturing sector elaborated by the Bank of Korea (BoK) rose from 70 points in April to 73 points in May. Due to the improvement, the indicator is now at the highest level since June 2015. Nonetheless, the indicator remains below the 100-point threshold that separates optimists from pessimists.

According to the Bank, economic sentiment among both export-oriented and domestic-demand oriented firms improved in May. In addition, expectations regarding sales and probability were up substantially in May and the outlook on raw material purchase prices and on sales prices also improved notably.

Meanwhile, the BSI’s current business conditions index ticked up from 66 points in April to 69 points in May.

FocusEconomics Consensus Forecast panelists expect fixed investment to expand 3.3% in 2016, which is unchanged from last month’s forecast. For 2017, the panel expects growth in fixed investment to increase 3.0%.


Author:, Senior Economist

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Korea Business Confidence May 2016 1

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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