Economic Status in December 2020 by Manufacturing IndustryExperts analyzed that although the manufacturing industry improved this month, mainly in semiconductors, shipbuilding, and steel, the pace of improvement has slowed.
The industry is expected to improve next month, but the trend of improvement is expected to weaken in most industries such as textiles, automobiles, and home appliances.
As a result of surveying the Expert Survey Index (PSI) of 171 experts by major domestic industry on the 10th to 18th, the Industry Research Institute announced on the 27th that the manufacturing industry PSI in December was counted as 120, which was lower than the previous month (133).
PSI is 100 (no change from the previous month), the closer it is to 200, the higher (improved) opinions compared to the previous month, and the closer to 0, the more decreased (deteriorated) opinions.
The manufacturing industry PSI exceeded 100 for seven consecutive months from June, but fell from the previous month.
Domestic sales (112) and exports (117) were lower than the previous month in 9 and 8 months, respectively. In November, the domestic PSI was 129 and the export PSI was 133.
Production (104) also fell from the previous month (123) in 4 months, and profitability (95) was less than 100. The investment amount (101) exceeded 100 for the first time since January (102) this year.
By detailed industry, semiconductors (117) surpassed 100 in six months, while textiles (85) fell below 100 in three months, recording the lowest level since May.
All industries other than textiles surpassed 100, but compared to the previous month, most of them showed a decline except for semiconductors (+25), shipbuilding (+11), and steel (+7).
The market conditions (outlook) PSI for January next year was 117, lower than the previous month (120), and the improvement is expected to weaken. It has been in 3 months to turn down from the previous month.
Domestic demand (102), exports (109), and production (107) all fell compared to the previous month. The investment amount (110), which was below 100 in the previous month, again exceeded 100.
By detailed industry, semiconductors (117) surpassed 100 in six months, while textiles (90) fell below 100 in eight months.
While all industries other than textiles exceeded 100, semiconductors (+54), shipbuilding (+6), and machinery (+4) maintained an uptrend as of the previous month.
However, displays (-9), automobiles (-21), home appliances (-21), chemicals (-20), steel (-7), and textiles (-30) declined, weakening expectations for further improvement.
Economic Outlook for January 2021 by Manufacturing Industry[연합뉴스]
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