KIET Manufacturing Business Survey Index (BSI) for the 4th Quarter of 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 25-6, Industrial Economic Review from Korea Institute for Industrial Economics and Trade

Abstract: The overall composite Business Survey Index for the manufacturing sector in the fourth quarter (Q4) of 2024 remained below the baseline (100). Most feeder indices declined compared to the previous quarter or remained at a similar level. Business conditions dipped slightly (from 86 to 84), while sales (87) remained unchanged from the previous quarter. Domestic demand (86) and exports (90) remained below the baseline (100), also recording similar levels to the previous quarter. Facility investment (95) and employment (95) continued to decline for the second consecutive quarter, while the score for inventory (97) also fell below 100. Ordinary profit (85) remained unchanged. BSI forecasts for Q1 2025 indicate that manufacturers anticipate an even more unfavorable business environment. Projections suggest that the index score for business conditions (87) and sales (88) will sit below 100 for the third consecutive quarter. The outlook for domestic demand (88) and exports (91) are also likely to stay below 100 for the third consecutive quarter, while facility investment (95) and employment (95) are also poised to decline, in this case for the second consecutive quarter.

Keywords: BSI; Business Survey Index; manufacturing BSI; South Korea; Korea Institute for Industrial Economics and Trade; KIET (search for similar items in EconPapers)
JEL-codes: E22 E23 E24 E32 E66 (search for similar items in EconPapers)
Pages: 6 pages
Date: 2025-02-25
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