Korea Business Confidence April 2018


Korea: Forward-looking business confidence moderates for April

March 29, 2018

The Bank of Korea’s forward-looking business confidence indicator (BSI) for the manufacturing sector fell to 78 points for April from 82 points for March. The indicator remained below the 100-point threshold for April, signaling another month of pessimism among Korean manufacturers.

The indicator components showed that, for April, businesses reported lower sales expectations than they did for March; they were also more pessimistic regarding raw material purchasing prices and sales prices. Meanwhile, manufacturers reported no change in their outlook regarding overall profitability for April compared to March.

Confidence among non-manufacturing businesses—the mainstay of the Korean economy—decreased to 80 points for April, down from 82 points for March.

Korea Fixed Investment Forecast

FocusEconomics Consensus Forecast panelists expect fixed investment to expand 2.6% in 2018, which is up 0.1 percentage points from last month’s forecast. In 2019, the panel expects fixed investment to grow 2.7%.

Author:, Economist

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Korea Business Confidence Chart

Korea Business Confidence April 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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