South Korea businesses confidence index is an indicator published buy the central bank,

  • manufacturing BSI for May seasonally adjusted 45 (was 52 for April) - lowest reading of for the data since it was first compiled in February 2003
  • non-manufacturing BSI (covers the service sector) fell to a seasonally adjusted 47 (also the lowest on record) from 52 for April

South Korea is often referred to as a leading indicator for the global economy. Its not really surprising now though that business conditions are seen as poor, we have had plenty of indicators and time to realise this,


  • survey of 3,180 firms between April 13-21
  • below 100 means the number of companies expecting business conditions to deteriorate outweighed those seeing an improvement