Gwangju and Jeonnam Regions, Corporate Sentiment Declines for Second Consecutive Month

[Asia Economy Honam Reporting Headquarters Reporter Park Jin-hyung] The manufacturing industry BSI in the Gwangju-Jeonnam region has deteriorated.

According to the "Business Survey Results" announced on the 23rd by the Bank of Korea Gwangju-Jeonnam Headquarters, the manufacturing industry BSI in February was 75, down 1 point from the previous month, while the business outlook BSI for the next month rose 2 points to 74 compared to the previous month.

The manufacturing sales BSI was 91, down 6 points from the previous month, and the sales outlook BSI for the next month also fell 4 points to 88 compared to the previous month. The new orders BSI decreased by 5 points to 88 from the previous month, while the new orders outlook BSI for the next month increased by 4 points to 94 compared to the previous month.

The non-manufacturing industry BSI was 71, down 2 points from the previous month, and the business outlook BSI for the next month remained the same at 75. The sales BSI fell 1 point to 76 compared to the previous month, while the sales outlook BSI for the next month rose 3 points to 81 compared to the previous month.

The non-manufacturing industry's fund condition BSI dropped 3 points to 74 compared to the previous month, and the fund condition outlook BSI for the next month also fell 3 points to 75 compared to the previous month.

The management difficulties in the manufacturing industry included rising raw material prices, labor shortages and rising labor costs, and uncertain economic conditions as major factors.

The management difficulties in the non-manufacturing industry were identified as labor shortages and rising labor costs, sluggish domestic demand, and uncertain economic conditions.

The Bank of Korea Gwangju-Jeonnam Headquarters surveyed 585 local businesses to assess the perceived business conditions. The number of respondents was 508 in total, including 240 manufacturing companies and 268 non-manufacturing companies.

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