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Bank of Korea announced on July 31 The BSI for the whole industry dropped 75 points to 5 points (P) less than a month earlier. BSI is an indicator of the economic conditions that companies recognize.
The whole industry in July BSI 75
The biggest decline since the Mertz crisis
Sluggish domestic demand and trade frictions
The biggest depression in the world Chemical and automotive industry
BSI climbed from 81 in April to 81 in May, then fell to 80 in June, and then came down for two consecutive months. The July BSI level itself was the lowest since February (74) last year. The decline was the largest since June (-9P) in 2015.
An official at the Korea Stock Exchange said: "The manufacturing sector's BSI dropped due to intensified trade disputes, and the non-manufacturing BSI sector Is deteriorated due to seasonal factors and reduced SOC investment. "
By industry, the BSI manufacturing sector fell to 74, down 6p. The decline in the BSI manufacturing sector was also the largest since June (-7P) in 2015.
In detail, the electronic video communication equipment fell 4P from 89 to 85. Smartphone sales and display.
Automobile (65) also decreased by 7P due to slow sales of finished car manufacturers and the tariff policy of imports of US cars
BSI of the non-manufacturing sector is 76 4P. The index fell to its lowest level since last October (76). Wholesale and retail trade (74) decreased by 5P.
Companies considered 20.9% of domestic demand as the biggest management problem, followed by the introduction of 52 hours a week and the rising costs of labor. Work and manpower due to the increase in the minimum wage Next month the outlook for the whole industry The BSI has dropped to 73, down from 7p compared to the previous month. The BSI for the manufacturing industry went from 73 to 7ppt, while the non-manufacturing fell from 74 to 6ppt. Lee Jung Hee reporter [email protected]
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