Korea Business Confidence

Korea

Korea: Business confidence inches up in September, but remains entrenched in pessimistic territory

August 31, 2015

The forward-looking business confidence indicator (BSI) for the manufacturing sector published by the Bank of Korea (BoK) inched up from 70 in August to 71 in September. The index has recovered slightly since hitting a two-and-a-half year low in July, but is still well below the 100-threshold that separates pessimistic from optimistic territory.

According to the Bank, the modest increase in business confidence in August reflected stronger sentiment among domestic demand-oriented businesses. Confidence among export-oriented firms fell slightly. Expectations regarding sales and profitability strengthened, while the outlook for raw material prices was down a notch.

Meanwhile, the BSI’s current business conditions index moderated from 70 in July to 68 in August.

FocusEconomics Consensus Forecast panelists expect fixed investment to expand 4.2% in 2015, which is up 0.4 percentage points from last month’s forecast. For 2016, the panel expects growth in fixed investment to moderate to 4.0%.


Author:, Economist

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Korea Business Confidence September 2015 0

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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