Gwangju Manufacturing Business Condition BSI Turns Down... Perceived Economy 'Dark'

[Asia Economy Honam Reporting Headquarters Reporter Park Jin-hyung] In September, the manufacturing business condition BSI in the Gwangju and Jeonnam regions fell by 7 points from the previous month to 80.

The business condition outlook BSI for next month also recorded 80, decreasing by 8 points.

The Gwangju-Jeonnam branch of the Bank of Korea announced the results of the business survey for the Gwangju and Jeonnam regions on the 30th, containing this information.

A BSI below 100 means that companies perceive the business conditions as poor, while the opposite indicates a positive meaning.

The manufacturing business condition BSI remained unchanged at 87 for three months from June to August, then shifted to a downward trend after four months.

Looking only at the Gwangju area, it was 70, and Jeonnam was 85, respectively.

The sales BSI was 89, and the sales outlook BSI for next month was 93, both down by 10 points compared to the previous month.

The new orders BSI was 84, down by 8 points, and the new orders outlook BSI for next month was 84, dropping more sharply by 11 points.

The main management difficulties were surveyed as rising raw material prices, labor shortages and wage increases, and uncertain economic conditions.

The non-manufacturing business condition BSI was 73, down by 1 point from the previous month, while the business condition outlook BSI for next month rose by 1 point to 76.

The financial condition BSI was 76, down by 3 points, and the financial condition outlook BSI remained the same at 79.

This content was produced with the assistance of AI translation services.