KIET Manufacturing Business Survey Index (BSI) for Q3 2023

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

No 23-26, Industrial Economic Review from Korea Institute for Industrial Economics and Trade

Abstract: The overall composite Business Survey Index (BSI) for the manufacturing sector in the third quarter (Q3) of 2023 remained below the base- line (100). Moreover, most feeder indices have decreased compared to the previous quarter. Specifically, sales (82), domestic demand (81), and exports (87) in the manufacturing sector have fallen significantly in this quarter. And business conditions (84), ordinary profit (83), facilities investment (96), operation ratio of facilities (92), employment (96), and financial conditions (81) also declined slightly compared to Q2. The BSI outlook for Q4 2023 indicates that manufacturers expect business conditions and sales to be similar to the previous quarter. Indices for business conditions (95) and sales (97) are the same as they were in the previous quarter. Thank you for reading this abstract of a report from the Korea Institute for Industrial Economics and Trade! Visit us on YouTube: https://www.youtube.com/watch?v=Q36v30l5CV0 Visit us on Instagram: https://www.instagram.com/worldkiet/ Visit our website: http://www.kiet.re.kr/en

Keywords: industrial projections; economic projections; trade projections; economic outlook; Korean economy; Korean industry; KIET; Korea (search for similar items in EconPapers)
JEL-codes: E66 F17 F47 (search for similar items in EconPapers)
Pages: 6 pages
Date: 2023-10-31
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