Korea Business Confidence July 2019

Korea

Korea: Forward-looking business confidence unchanged in July

June 27, 2019

The Bank of Korea’s forward-looking business confidence indicator for manufacturers remained stable at June’s 75 in July, while confidence in the non-manufacturing sector rose to 74 from 72. Both readings remained entrenched below the crucial 100-point threshold separating pessimism from optimism.

Korean manufacturers grew more pessimistic about the outlook for foreign demand, sales volumes and profitability for the month of July. Moreover, raw material purchase prices were viewed less favorably. On the bright side, producers were less gloomy about domestic demand, while their outlook on sales prices was unchanged. Meanwhile, information about the drivers of non-manufacturing confidence are not available.

Korea Fixed Investment Forecast


FocusEconomics Consensus Forecast panelists expect fixed investment to fall 2.2% in 2019, which is down 0.7 percentage points from last month’s forecast. In 2020, the panel expects fixed investment to grow 1.5%.


Author:, Economist

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Korea Business Confidence July 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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