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KIET Manufacturing Business Survey Index (BSI) for the 2nd Quarter of 2025

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  • Jung Min Han

    (Korea Institute for Industrial Economics and Trade)

Abstract

The overall composite Business Survey Index (BSI) for the manufacturing sector in the second quarter (Q2) of 2025 remained below the baseline (100). However, most feeder indices rose compared to the previous quarter. Business conditions (86) turned upward for the first time in four quarters, while sales (88) also rebounded significantly from the previous quarter’s level of 77. Domestic demand (87) and exports (89) remained below the benchmark level of 100, but unlike the previous quarter (domestic demand 79, exports 86), both increased together for the first time in four quarters. Facility investment (96) and employment (97) edged up compared to the previous quarter, while Ordinary profit (84) and financial conditions (84) also bounced back from their Q1 levels. BSI forecasts for Q3 2025 indicate that manufacturers anticipate a slightly more favorable business environment compared to the previous quarter. Both business conditions (93) and sales (95) remain below the baseline (100) for the fifth consecutive quarter, and only business conditions are expected to continue to improve. Domestic demand (94) is expected to remain at the same level as the previous quarter, while exports (94) are projected to decline slightly. Facility investment (97) and employment (97) are both expected to remain at similar levels to the previous quarter.

Suggested Citation

  • Jung Min Han, 2025. "KIET Manufacturing Business Survey Index (BSI) for the 2nd Quarter of 2025," Industrial Economic Review 27, Korea Institute for Industrial Economics and Trade.
    • Handle: RePEc:ris:kieter:021551
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    JEL classification:

    • E66 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General Outlook and Conditions
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • E23 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Production
    • E00 - Macroeconomics and Monetary Economics - - General - - - General

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