Korea Business Confidence May 2019

Korea

Korea: Forward-looking manufacturing business confidence remains entrenched in pessimism in May

April 30, 2019

The Bank of Korea’s forward-looking business confidence indicator (BSI) for manufacturers ticked up to 77 in May from 76 in April, while confidence in the non-manufacturing sector also improved slightly from 76 to 77. Both readings nevertheless remained well below the crucial 100-point threshold separating pessimism from optimism.

The marginal improvement was the result of firms’ slightly less downbeat outlook for domestic demand conditions, sales, profitability and raw material purchase prices for May, while sentiment regarding export prospects remained dismal for the survey month.

FocusEconomics Consensus Forecast panelists expect fixed investment to fall 0.3% in 2019, which is up 0.1 percentage points from last month’s forecast. In 2020, the panel expects fixed investment to grow 1.9%.


Author:, Economist

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Korea Business Confidence May 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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