Korea Business Confidence

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Korea: Business confidence ticks up in May but remains in pessimistic territory

April 29, 2015

The forward-looking business confidence indicator (BSI) for the manufacturing sector published by the Bank of Korea (BoK) increased from 80 in April to 82 in May. However, the index still remains below the 100-point threshold that separates pessimistic from optimistic territory.

According to the Bank, the modest improvement in business confidence in May reflected stronger sentiment among domestically oriented firms and higher expectations regarding sales and profitability. In contrast, sentiment among export-oriented firms moderated. Businesses’ expectations in terms of raw material purchase prices and sales prices were unchanged in May compared to the previous month.

Meanwhile, the BSI’s current business conditions index inched up from 77 in March to 80 in April.

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 May 2015

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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