Korea Business Confidence October 2018


Korea: Forward-looking business confidence increases slightly for October

October 2, 2018

The Bank of Korea’s forward-looking business confidence indicator (BSI) for the manufacturing sector has registered pessimism among businesses for every month since June 2011. For October 2018, the indicator increased to 78 points from 77 points for September. Despite the increase, the BSI came in below both the 100-point threshold for October—signaling another month of pessimism—and the long-run average reading of 86 points.

A breakdown of the BSI components showed that, for October, businesses were more downbeat about profitability than they were for September. However, businesses became more pessimistic regarding sales and sale prices for October, and less optimistic about raw material purchase prices. Confidence among non-manufacturing businesses—the mainstay of the Korean economy—was unchanged at September’s 77 points for October.

Korea Fixed Investment Forecast

FocusEconomics Consensus Forecast panelists expect fixed investment to expand 2.0% in 2018, which is down 0.3 percentage points from last month’s forecast. In 2019, the panel expects fixed investment to grow 2.4%, which is down 0.1 percentage points from last month’s forecast.

Author:, Economist

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Korea Business Confidence Chart

Korea Business Confidence October 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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