Industry expert "Most industries deteriorate except shipbuilding in January next year"

Industrial economy experts predicted most industries, including domestic manufacturing, semiconductors, machinery, and steel, to be very dark in January next year.

According to a survey of 133 experts commissioned by the Korea Institute for Industrial Economics and Trade, the forecast index for January next year was 75 based on 100 for the manufacturing industry, far below the standard.

In particular, domestic demand and exports recorded 74 and 76, respectively, falling below the benchmark for the second consecutive month.

Looking at the detailed industries, only the shipbuilding industry recorded 100, which means a similar level compared to the previous month, while semiconductors fell from 124 to 65, and the bio-health sector fell from 110 to 55.

In addition, most industries, including automobiles, steel, machinery, electronics, and textiles, fell sharply.

Experts who participated in the survey diagnosed that the outlook for the business is not good for semiconductors due to slowing demand and increased uncertainty following the launch of the Trump administration, and for automobiles, due to entry into electric vehicles in China and a slowdown in the economy.