South Korea Business Confidence

Last Release

Apr 30, 2024

Actual

Units In

Points

Frequency

Monthly

Next Release

May 21, 2024

Time to Release

26 Days 7 Hours

Highest	Lowest	Average	Date Range	Source
119 Dec 1994	35 Mar 1998	79.66 Points	1991-2024	The Bank of Korea

In South Korea, the Business Survey Index (BSI) in the manufacturing sector measures the level of optimism that business leaders have about the performance of the economy in the current month and their outlook for the following month. The Index is based on the survey of around 2800 companies in fifteen areas including sales, inventories, production facilities, prices, labor force and profitability. For each of the indicators measured, the net difference between the number of positive responses and the number of negative responses is computed. The BSI above 100 indicates an improving outlook and below 100 a deteriorating outlook.

Latest Updates

The Business Survey Index (BSI) for the manufacturing sector increased to 73 in April 2024, from 71 in the preceding month. It marked the highest reading since June as export oriented demands (80 vs 75 in March) and sales (79 vs 77 in March) rose. Meanwhile, profitability remained steady at 78 and domestic demands (69 vs 70 in March) decreased. Additionally, manufacturers reported an increase in both sales prices (100 vs 95 in March) and raw material purchase prices (121 vs 117 in March).