KIET Manufacturing Business Survey Index (BSI) for the 1st Quarter 2024

Jung Min Han ()
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Jung Min Han: 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/en

No 24-10, Industrial Economic Review from Korea Institute for Industrial Economics and Trade

Abstract: The overall composite Business Survey Index for the manufacturing sector in the first quarter of 2024 (Q1 2024) remained under the baseline (100). Moreover, most feeder indices have slightly decreased compared to the previous quarter. Business conditions (83), sales (82), domestic demand (83), exports (88), ordinary profit (84), and financial conditions (97) in the manufacturing sector have all declined; inventory (100) and employment (97) held steady. BSI forecasts for Q2 2024 indicate that manufacturers anticipate a more favorable business environment. Most indices for the manufacturing sector are forecasted to be over the baseline (100); just ordinary profit (97), facilities investment (99), and financial condition (95) indices are projected to stay below baseline levels, but even these sub-baseline figures would nonetheless represent increases from the previous quarter.

Keywords: Business Survey Index; BSI; KIET; business outlook; macroeconomy; industrial outlook; business climate; Q1 2024; Q2 2024; Q1 review; Q2 outlook; Korea; KIET (search for similar items in EconPapers)
JEL-codes: E20 E22 E37 E60 (search for similar items in EconPapers)
Pages: 6 pages
Date: 2024-04-30
New Economics Papers: this item is included in nep-inv
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