Last month, the construction corporations business confidence index (CBSI) slightly rose compared to the previous month. The Korea Construction Industry Institute reported on the 8th that the CBSI was measured at 71.6, an increase of 4.7 points from the previous month. CBSI quantifies the economic sentiment of construction corporations. If the index is below 100, it indicates that more corporations have a pessimistic view of the current economic situation, while an index above 100 suggests the opposite.
Last month, the new order index rose by 5.6 points (p) to 69.4, leading the overall increase in the index. By institutional sector, the dwellings sector increased by 8.3 p to 75.1, while the non-residential construction sector saw an increase of 10.6 p to 65.2.
In addition to new orders, the construction progress index (80.5) rose by 3.1 p, the order backlog index (82.2) increased by 3.2 p, and the construction receivables index (81.4) went up by 3.1 p. The material supply index (86.6) declined by 2.1 p compared to the previous month.
The index by corporation size showed that large corporations rose the most at 85.5, increasing by 6.8 p. Medium-sized corporations increased by 5.0 p to 71.7, and small corporations grew by 2.2 p to 57.8.
By region, the Seoul index (76.7) rose by 6.0 p, exceeding the increase of 2.3 p in the provinces (67.0). The forecast index for this month's economic expectations was measured at 68.0, down 3.6 p from last month.