KIET Manufacturing Business Survey Index (BSI) for the 1st Quarter 2020
The overall composite Business Survey Index for the manufacturing sector in Q1 2020 still remained under the baseline (100). Moreover, all feeder indices have worsened compared to the previous quarter. Business conditions (71), sales (70), domestic demand (71), exports (75), ordinary profit (74), and financial conditions (74) in the manufacturing sector have all posted drastic decreases. BSI forecasts for the 2nd quarter of 2020 indicate that manufacturers anticipate an unfavorable business environment. Most indices for the manufacturing sector are forecast to be below the baseline; only inventory (100) is expected to maintain a level of the performance in this quarter.