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Manufacturing industry quarterly outlook South Korea Q1 2020-Q2 2020

Published by Jang Seob Yoon, Oct 26, 2020
During the 1st quarter of 2020, the business survey index (BSI) of South Korean manufacturing market conditions stood at 71 points, decreased by 13 percent compared to the previous year. The business survey index (BSI) is one of the business climate indicators and an index above 100 means an optimistic situation or outlook. Although the overall indexes were forecasted to rise in the 2nd quarter of 2020, the Korean manufacturing industry is expected to continue to stagnate due to the coronavirus (COVID-19) pandemic.

Business survey index (BSI) of South Korean manufacturing industry amid coronavirus pandemic from 1st quarter of 2020 to 2nd quarter of 2020

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Release date

April 2020

Region

South Korea

Survey time period

Q1 2020 and Q2 2020

Special properties

index above 100 means an optimistic situation or outlook

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