KIET Manufacturing Business Survey Index (BSI) for the 2nd Quarter 2020
The overall composite Business Survey Index for the manufacturing sector in Q2 2020 remained under the baseline (100). Moreover, all feeder indices have worsened compared to the previous quarter. Specifically, business conditions (69), sales (68), domestic demand (69), exports (69), ordinary profit (70), and operation ratio of facilities (76) in the manufacturing sector have decreased in this quarter. The BSI outlook for the 3rd quarter of 2020 indicates that the business environment for manufacturers will remain at a similar condition compared to the 2nd quarter. To wit, all BSI outlook indices excepting inventory (100) are projected to be under the baseline, and most importantly, all BSI outlook indices are projected to slightly decrease quarter on quarter. These means that the overall outlook for business conditions and domestic demand does not look very promising in the next quarter.