August Manufacturing Outlook Index Drops Below 100 for First Time in 3 Months

[Economy 365]

A forecast has emerged that the domestic manufacturing sector's business conditions will slow down next month.

According to a survey of 129 industry experts conducted by the Korea Institute for Industrial Economics and Trade, the manufacturing business outlook index for August stood at 95, falling below the baseline of 100 for the first time in three months.

When this index is below 100, it means that more respondents expect business conditions to worsen compared to the previous month.

However, the export outlook index exceeded the baseline at 111.

By sector, semiconductors are expected to maintain a favorable trend with 156, but most other sectors fell short of the baseline, with home appliances at 71, automobiles at 83, and steel at 67.

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