Korea Business Confidence December 2021

Korea

Korea: Business confidence steady but remains in negative territory in December

November 26, 2021

Business confidence among manufacturing firms came in at 88.0 in December, matching November's reading. As a result, the index remained below the 100-point threshold, and indicated pessimism among businesses.

The print came amid minor changes across components: while manufacturing firms eased their pessimism regarding export-oriented demand, firms’ sentiment became more downbeat regarding the domestic market. More negatively, businesses’ views on profitability deteriorated significantly.

FocusEconomics Consensus Forecast panelists expect fixed investment to rise 2.9% in 2022, which is up 0.2 percentage points from last month’s forecast. In 2023, the panel expects fixed investment to grow 3.2%.


Author:, Junior Economist

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Korea Business Confidence December 2021 1

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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