Small and Medium Business' Economic Outlook Deteriorates Again...Manufacturing and non-manufacturing industries fall together

The business outlook index, which shows how small and medium-sized businesses look ahead to the economy, has turned downward in two months.

The Fed said its business outlook index for November was 77.1, down 1.3 points from the previous month.

If the index is below 100, that means there are more companies that are negatively predicting the economy than there are positive companies.

By industry, the manufacturing industry was 82.3 and the non-manufacturing industry was 74.8, down 2.0 points and 1.1 points from the previous month, respectively.

Among non-manufacturing industries, construction fell 0.4 points and services fell 1.3 points.

Among the management difficulties of small and medium-sized companies, sluggish domestic demand was the most at 63%, followed by rising labor costs, excessive competition among companies, and rising raw material prices.

From the 14th to the 21st, this survey was conducted on 3,64 small and medium-sized companies.