Korea: Business confidence improves in September
August 28, 2013
The Bank of Korea's (BoK) forward-looking Business Survey Index (BSI) on business conditions in the manufacturing sector rose from 73 points in August to 77 points in September. Despite the increase, the index is still below the 100-point threshold that separates pessimistic and optimistic territory, where it has remained for over two years.
Businesses were more optimistic about prospects in the manufacturing sector for both domestic demand-oriented and export-oriented industries. Prospects for sales prices and raw material purchase prices also increased in August.
The BSI's current business perceptions index showed that the manufacturing sector inched up from 72 points in July to 73 points in August.
FocusEconomics Consensus Forecast panellists expect fixed investment to expand 2.0% in 2013, which is down 0.2 percentage points from last month's forecast. In 2014, the panel expects fixed investment to accelerate to 3.9%.