South Korea Business Conditions Slip In February – BoK

Business conditions in South Korea deteriorated slightly in February, the Bank of Korea said on Wednesday with a Business Survey Index score of 82 – down from 85 in January.

The outlook for the following month rose by 4 points to 85, the bank said. Seasonally adjusted, the index score and outlook both came in at 83.

In the non-manufacturing sector, the BSI on business conditions for February 2021 was 72, up 2 points from the previous month, and that for the outlook for the following month also rose by 3 points to 73.

The Economic Sentiment Index (ESI)-a composite of the BSI and the CSI (Consumer Survey Index) – for February was 96.6, up 3.5 points from January.

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