Korea Business Confidence February 2019

Korea

Korea: Forward-looking business confidence falls further into pessimism for February

January 30, 2019

For February, the Bank of Korea’s forward-looking business confidence indicator (BSI) for manufacturers fell to 65 from the 71 for January, leaving it below the crucial 100-point threshold separating pessimism from optimism, where it has been since June 2011. However, this latest outturn represents the most pessimism reading since March 2016.

A breakdown of the BSI components shows that businesses became more downbeat about sales, profitability and raw material purchase prices for February than they were for January. Businesses held unchanged perceptions of sale price prospects for February compared to January. Meanwhile, confidence among non-manufacturing businesses moderated to 70 for February from 72 for January.

Korea Fixed Investment Forecast


FocusEconomics Consensus Forecast panelists expect fixed investment to fall 0.7% in 2019, which is down 0.8 percentage points from last month’s forecast of 0.1% growth. In 2020, the panel expects fixed investment to grow 2.1%.


Author:, Economist

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Korea Business Confidence Chart


Korea Business Confidence February 2019

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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