KIET Manufacturing Business Survey Index (BSI) for the 4th Quarter 2020
The overall composite Business Survey Index for the manufacturing sector in Q4 2020 remained under the baseline (100). However, all feeder indices have slightly increased compared to the previous quarter. Specifically, sales (96), domestic demand (96), and ordinary profit (92) showed double-digit increases in Q4 2020. BSI forecasts for the 1st quarter of 2021 indicate that manufacturers anticipate an unfavorable business environment. Most indices for the manufacturing sector are forecast to be below the baseline; however, all feeder indices excepting inventory (99) are expected to improve performance compared to the previous quarter. On a year-on-year basis, the overall BSI outlook for business conditions does look very promising, excepting only ordinary profit (99).