Manufacturing boom continues, Korea Institute for Industrial Economics and Trade releases November economic index

The Korea Institute for Industrial Economics and Trade recently stated that the manufacturing economy continued to improve in November. The institute conducted a survey of 132 experts from the 4th to the 11th, called the PS.
I) survey. As a result, the manufacturing economic outlook PSI recorded 102 in November, which is the 12th consecutive month since November last year that it has exceeded the benchmark value of 100. The PSI remains unchanged at 100.
The index is used as a benchmark, with the closer to 200 the better the economy is, and the closer to 0 the worse it is. Exports recorded 108, maintaining a good performance above the benchmark for the 19th consecutive month. Domestic demand also recorded 102, down from 2
The index exceeded the standard value for consecutive months. Production recorded 106, showing a good performance for 11 consecutive months. By industry, semiconductors recorded 124, bio-health 117, steel 111, chemicals 11.
The index for the semiconductor industry was expected to be strong in November, but it dropped 32 points from the previous month's 156.
The index for automobiles and steel rose 26 and 22 points, respectively, from the previous month, raising hopes for an economic recovery. The index for home appliances (67), textiles (80), machinery (94), and displays (93) were also down.
It did not reach the benchmark of 100. Meanwhile, the manufacturing business conditions index for October recorded 105, exceeding the benchmark for the 15th consecutive month and also showing an increase from the previous month's level of 100.