Korea skyline

Korea Business Confidence August 2020

Korea: Business confidence improves but remains in negative territory in August

The Bank of Korea’s forward-looking business confidence indicator for manufacturers rose to 57 in August from July’s 51. August’s result marked the best reading since March, although the indicator remained entrenched below the 100-threshold that separates pessimism from optimism among manufacturers.

A robust improvement in perspectives on sales drove the business confidence indicator higher in August. Moreover, slight improvements in the outlooks regarding profitability, raw material purchase prices and sales prices all contributed to the improvement. Meanwhile, confidence in the non-manufacturing sector increased from 59 in July to 60 in August. The Bank does not collect information about the drivers of sentiment among non-manufacturing firms.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest