Korea: Business confidence rises in February
January 26, 2016
The Bank of Korea’s forward-looking business confidence indicator (BSI) for the manufacturing sector rose from 71.0 points in January to 76.0 points in February. Despite the increase, the indicator remains firmly entrenched below the 100-point threshold, signaling that businesses are more pessimistic than optimistic.
Looking at the details, business sentiment among both domestic-oriented firms and exporting businesses improved considerably from the previous month, reflecting their perceptions that domestic demand and exports will pick up in the coming months.
Author: Ricardo Aceves, Senior Economist