KIET Manufacturing Business Survey Index (BSI) for the 4th Quarter 2022

Sung Wook Hong ()
Additional contact information
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 23-7, Industrial Economic Review from Korea Institute for Industrial Economics and Trade

Abstract: The Business Survey Index (BSI) is published quarterly by the Korea Institute for Industrial Economics and Trade. Visit www.kiet.re.kr for more projections and industrial statistics. The overall composite Business Survey Index for the manufacturing sector in the fourth quarter (Q4) of 2022 remained under the baseline (100). However, some feeder indices have slightly increased compared to the previous quarter. Specifically, sales (88), ordinary profit (87), and financial condition (85) showed slight increases in Q4 2022. BSI forecasts for Q1 2023 indicate that manufacturers anticipate an unfavorable business environment. Most indices for the manufacturing sector are forecast to be below the baseline; moreover, all feeder indices excepting inventory (100), facilities investment (97), ordinary profit (90) and employment (100) anticipate worse performance compared to the previous quarter. On a year-on-year basis, the overall BSI outlook for business conditions in the manufacturing sector in 2023 does not look very promising, excepting only inventory (100) and employment (102).

Keywords: Business Survey Index; BSI; Korea; industrial outlook; economic outlook; industrial projections; economic projections; macroeconomics; macroeconomic outlook; manufacturing; exports; slow growth (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: 2023-02-28
References: Add references at CitEc
Citations:

Downloads: (external link)
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4375390 Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ris:kieter:2023_007

Access Statistics for this paper

More papers in Industrial Economic Review from Korea Institute for Industrial Economics and Trade Sejong National Research Complex, Korea Institute for Industrial Economics and Trade, 370 Sicheong Dae-ro C-dong 8-12F 30147, Republic of Korea. Contact information at EDIRC.
Bibliographic data for series maintained by Aaron Crossen ().