KIET Manufacturing Business Survey Index (BSI) for the 2nd Quarter 2019
The overall composite Business Survey Index for the manufacturing sector in Q2 2019 remained under the baseline (100). However, all feeder indices excepting inventory (103), facilities investment (99) and employment (96) have considerably improved compared to the previous quarter. Business conditions (88), sales (95), domestic demand (92), ordinary profit (88), and financial conditions (85) especially showed a distinct improvement. The BSI outlook for the 3rd quarter of 2019 indicates that the business environment for manufacturers will worsen compared to the 2nd quarter. To wit, all BSI outlook indices excepting inventory (101) are projected to be under the baseline, and most importantly, all BSI outlook indices are projected to decrease quarter on quarter.
These means that the overall outlook for business conditions and domestic demand does not look very promising in Q3.