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KIET Manufacturing Business Survey Index (BSI) for Q3 2023

Author

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  • Han, Jung Min

    (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

Suggested Citation

  • Han, Jung Min, 2023. "KIET Manufacturing Business Survey Index (BSI) for Q3 2023," Industrial Economic Review 23-26, Korea Institute for Industrial Economics and Trade.
    • Handle: RePEc:ris:kieter:2023_026
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    More about this item

    Keywords

    industrial projections; economic projections; trade projections; economic outlook; Korean economy; Korean industry; KIET; Korea;
    All these keywords.

    JEL classification:

    • E66 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General Outlook and Conditions
    • F17 - International Economics - - Trade - - - Trade Forecasting and Simulation
    • F47 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Forecasting and Simulation: Models and Applications

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