Temperature Gap in Corporate Sentiment... Manufacturing in a 'Cold Bath', Non-Manufacturing in a 'Hot Bath'

[Asia Economy Honam Reporting Headquarters Reporter Park Jin-hyung] In November, the Business Survey Index (BSI) for the manufacturing sector in the Gwangju and Jeonnam regions deteriorated, while the non-manufacturing sector improved.

The Bank of Korea Gwangju-Jeonnam Headquarters announced the 'Business Survey Results' on the 24th.

According to the report, the manufacturing sector BSI for November was 76, down 4 points from the previous month.

The BSI for next month's business outlook also fell by 3 points to 74.

On the other hand, the non-manufacturing sector BSI rose by 3 points to 79, and the BSI for next month's business outlook increased by 7 points to 84.

A BSI above 100 indicates that more companies perceive the business conditions as improving, while a BSI below 100 means the opposite.

The major management difficulties faced by the manufacturing sector included rising raw material prices, labor shortages and increased labor costs, and uncertain economic conditions.

For the non-manufacturing sector, the challenges were labor shortages and rising labor costs, sluggish domestic demand, and uncertain economic conditions.

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