Korea Business Confidence July 2020


Korea: Forward-looking manufacturing business confidence ticks up in July

June 30, 2020

The Bank of Korea’s forward-looking business confidence indicator for manufacturers increased to 51 in July from 49 in June. Moreover, confidence in the non-manufacturing sector increased from 52 in June to 59 in July. Nevertheless, both readings remained entrenched below the 100-threshold separating pessimism from optimism.

The slight improvement in business sentiment among manufacturers was led by less pessimistic views regarding current sales and profitability. The Bank does not collect information about the drivers of sentiment among non-manufacturing firms.

FocusEconomics Consensus Forecast panelists expect fixed investment to increase to 2.2% in 2020, which is up 0.7 percentage points from last month’s projection. In 2021, the panel expects fixed investment to grow 2.6%.

Author:, Economist

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Korea Business Confidence Chart

Korea Business Confidence July 20 20

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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