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KIET Manufacturing Business Survey Index (BSI) for the 4th Quarter of 2024

Author

Listed:
  • Han, Jung Min

    (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.

Suggested Citation

  • Han, Jung Min, 2025. "KIET Manufacturing Business Survey Index (BSI) for the 4th Quarter of 2024," Industrial Economic Review 25-6, Korea Institute for Industrial Economics and Trade.
    • Handle: RePEc:ris:kieter:2025_006
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    File URL: https://www.kiet.re.kr/en/pub/ecoreviewDetailView?detail_no=1067&year=2025&month=&sval=
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    More about this item

    Keywords

    BSI; Business Survey Index; manufacturing BSI; South Korea; Korea Institute for Industrial Economics and Trade; KIET;
    All these keywords.

    JEL classification:

    • 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
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • E66 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General Outlook and Conditions

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