Korea: Business confidence improves in April
March 30, 2016
The forward-looking business confidence indicator (BSI) for the manufacturing sector elaborated by the Bank of Korea (BoK) rose from 66 points in March to 70 points in April. Business confidence began to wane in September 2015 and fell almost uninterruptedly until March. Despite the increase in April, the indicator remains below the 100-point threshold that separates optimists from pessimists.
According to the Bank, confidence among both export-oriented and domestic-oriented firms improved in April. Expectations regarding sales and probability were up slightly in April and the outlook on raw material purchase prices and on sales prices also improved, albeit to a lesser extent.
Meanwhile, the BSI’s current business conditions index ticked up from 65 points in March to 66 points in April.