KIET Manufacturing Business Survey Index (BSI) for the 1st Quarter 2023

Sung Wook Hong ()
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Sung Wook Hong: Korea Institute for Industrial Economics and Trade, Postal: Sejong National Research Complex, Korea Institute for Industrial Economics and Trade, 370 Sicheong Dae-ro C-dong 8-12F 30147, Republic of Korea, http://www.kiet.re.kr

No 23-12, Industrial Economic Review from Korea Institute for Industrial Economics and Trade

Abstract: The first quarter (Q1) 2023 manufacturing overall composite index remains below the baseline (100), indicating that conditions remain unfavorable. In addition, indexes for all indicators dropped significantly from the previous quarter. Business conditions (77), sales (75), domestic demand (78), exports (81), ordinary profit (79), and financial conditions (79) in the manufacturing sector all posted decreases, while inventory (101) remained above the baseline. The BSI outlook for Q2, however, indicates that manufacturers expect the business environment to be more favorable compared to the first quarter. Most indices for the manufacturing sector are project to increase compared to Q1, while all feeder indices are expected to remain below the baseline; only inventory (100) and employment (100) are projected to maintain baseline levels over the next quarter. Head to www.kiet.re.kr for more industrial projections and data.

Keywords: Business Survey Index; BSI; Korea; industrial outlook; economic outlook; industrial projections; economic projections; macroeconomics; macroeconomic outlook; manufacturing; exports (search for similar items in EconPapers)
JEL-codes: E10 E17 E21 E22 E23 E24 E27 E30 E31 E32 E51 E52 E58 E60 E62 (search for similar items in EconPapers)
Pages: 6 pages
Date: 2023-04-30
New Economics Papers: this item is included in nep-inv and nep-mac
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