The Korea Institute of Industrial Economics and Trade surveyed 133 experts by industry from the 11th to the 15th and found that the PSI for the manufacturing industry in December fell 6 points from the previous month to 96, below the standard of 100.
This is the first time since November 2023 that the monthly business outlook PSI has been below 100.
Based on 100, the PSI means that many say that the closer to 200, the better the business conditions than the previous month, and the closer to zero, the worse the business conditions.
Domestic demand, exports and production were all below the benchmarks at 98, 97 and 96, respectively, as the key detailed indicators.
By industry, semiconductors, automobiles, shipbuilding and bio-health topped the benchmark, but PSIs for December in displays, electronics, machinery, chemicals, steel and textiles all fell short of 100.
The manufacturing industry status index in November was over the benchmark 100, down 5 points from the previous month.
In an ongoing survey on the impact of the launch of the second Trump administration on domestic manufacturing, 63.5% of respondents said it would have a negative impact on the overall domestic manufacturing industry.
The percentage of responses 'normal' and 'positive' were only 23% and 5.6%, respectively.
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Economy
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