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South Korea Business Confidence Index Slumps In March – BoK

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Business confidence in South Korea took a big hit in March, the latest survey from the Bank of Korea showed on Thursday with a Business Survey Index score of 84 (83 seasonally adjusted) – down from 91 in February.

In the non-manufacturing sector, the BSI on business conditions for March 2022 was 81, unchanged from the previous month – but the outlook for the following month fell by 2 points to 82.

After seasonal adjustment, the BSI for March 2022 was 81, down 3 points from February, and that for the outlook for the following month also fell by 4 points to 81.

The Economic Sentiment Index (ESI)-a composite of the BSI and the CSI (Consumer Survey Index) – for March was 103.4, down 2.3 points from February.

*South Korea Business Confidence Index 84.0 In March Vs. 91.0 In February – BoK

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