Korea Business Confidence May 2018


Korea: Forward-looking business confidence improves for May

April 27, 2018

The Bank of Korea’s forward-looking business confidence indicator (BSI) for the manufacturing sector rose to 81 points for May from 78 points for April. Despite the improvement, the indicator remained below the 100-point threshold for May, signaling another month of pessimism among Korean manufacturers.

The indicator components showed that, for May, businesses reported higher sales expectations than they did for April, which underlined the improvement in overall sentiment. However, weighing on confidence for May was increased pessimism regarding raw material purchase prices, sales prices and profitability.

Confidence among non-manufacturing businesses—the mainstay of the Korean economy—increased to 81 points for May, up from 80 points for April.

Korea Fixed Investment Forecast

FocusEconomics Consensus Forecast panelists expect fixed investment to expand 2.7% in 2018, which is up 0.1 percentage points from last month’s forecast. In 2019, the panel expects fixed investment to grow 2.8%.

Author:, Economist

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Korea Business Confidence Chart

Korea Business Confidence May 2018

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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