Korea Business Confidence September 2021

Korea

Korea: Business confidence in the manufacturing sector improves but remains pessimistic in September

August 25, 2021

Business confidence among manufacturing firms rose to 96.0 in September from August's 92.0. As such, the index moved closer to the 100-point threshold, but still signaled pessimism among businesses.

Taking a closer look, the improvement was mainly led by domestic demand-oriented firms, which grew less pessimistic. In addition, export-oriented firms became slightly more optimistic, with firms more upbeat about sales and profitability.

FocusEconomics Consensus Forecast panelists expect fixed investment to rise 4.3% in 2021, which is down 0.1 percentage points from last month’s forecast. In 2022, the panel expects fixed investment to grow 3.0%.


Author:, Junior Economist

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Korea Business Confidence September 2021

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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