Economic Buzz: South Korea Business Confidence Drops In May

25 May 2022 , 10:42 AM

According to the Bank of Korea, business conditions in South Korea deteriorated slightly in May, with a Business Survey Index score of 86 – down from 87 in April. The outlook also fell one point, from 88 to 87. In the non-manufacturing sector, the BSI on business conditions for May was 86, up one point from the previous month. The outlook for the following month also rose by one point to 86. The Economic Sentiment Index (ESI) – a composite of the BSI and the CSI (Consumer Survey Index) – for May was 106.7, up 1.0 point from April. Powered by Commodity Insights