Korea Business Confidence June 2018

Korea

Korea: Forward-looking business confidence slips for June

May 31, 2018

The Bank of Korea’s forward-looking business confidence indicator (BSI) for the manufacturing sector fell to 80 points for June from 81 points for May. Consequently, the indicator remained below the 100-point threshold for June, signaling another month of pessimism among Korean manufacturers.

The indicator components showed that, for June, export-oriented manufacturers grew more pessimistic regarding business conditions. On the other hand, businesses on the whole reported improved profitability expectations, along with better expectations of sales, raw material purchase prices and sales prices.

Meanwhile, confidence among non-manufacturing businesses—the mainstay of the Korean economy—increased to 82 points for June from 81 points for May.

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


Author:, Economist

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Korea Business Confidence June 2018 2

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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