Korea skyline

Korea Business Confidence December 2023

Korea: Manufacturers expect business conditions to ease in December

Business conditions in the manufacturing sector are expect to fall to 68.0 in December from November’s 69.0, according to a survey of manufacturers conducted in November by the statistical office. As a result, sentiment moved further below the 100-threshold that separates pessimism from optimism among manufacturers.

The decline was driven by worsening sentiment among domestically-orientated firms, with activity in the Korean economy likely continuing to be weighed on by high interest rates. More positively, sentiment among export-orientated firms improved for the second consecutive month, potentially connected with the above-expectations growth in exports seen in November.

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