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KIET Manufacturing Business Survey Index (BSI) for the 2nd Quarter 2021

Author Hong Sungwook(홍성욱) Date 2021.08.31 Series
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The overall composite Business Survey Index for the manufacturing sector in Q2 2021 remained under the baseline (100). However, most feeder indices have increased compared to the previous quarter. Specifically, business conditions (97), sales (100), domestic demand (99), exports (102), ordinary profit (92), and others in the manufacturing sector have increased this quarter; only inventory (100) recorded a decrease.
Expectations have been tempered compared to the 2nd quarter, but the BSI outlook for the 3rd quarter of 2021 indicates that manufacturers anticipate the favorable business environment.
Most indices for the manufacturing sector are forecast to be over the baseline as only ordinary profit (98) and financial conditions (95) are projected to stay below baseline levels in the next quarter.