The prospect index of the manufacturing industry business survey index (BSI) in the second quarter recovered to over 100, increasing corporate expectations of an economic recovery.
According to a survey made by the Korea Institute for Industrial Economics & Trade under the Ministry of Trade, Industry and Energy targeting 3,026 companies, the manufacturing industry BSI in Q2 reached 110, exceeding 100 in two quarters.
If the BSI is more than 100, it means that there are more companies expecting that the economy will get better in the next quarter. And if it is below 100, it means the opposite.
The figure was the highest in four quarters after the second quarter of last year (114).
It was likely to be affected by the gradual economic recovery of developed countries centered on the U.S., the lowered base rate by the Korean central bank, and the recovery of the local real estate market.
All industries except shipbuilding (90) and electric machines (93) among the 11 researched industries had prospective higher indexes than 100.