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기업 활동으로 본 최근 경기 상황 평가

2022.09.16

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(9월 16일자 석간)기업_활동으로_본_최근_경기_상황_평가.pdf

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<p class="0" style="line-height: 200%; margin-top: 15pt; margin-bottom: 10pt; text-align: center; word-break: keep-all; font-family: 나눔고딕; font-size: 16px;"><strong style="font-size: 14pt;"><span style="font-family: "맑은 고딕"; letter-spacing: -1.5pt; font-size: 14pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;"><span style="font-family: "맑은 고딕"; font-size: 14pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;"><span style="font-size: 14pt; font-family: "맑은 고딕"; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">기업 재고 증가율 </span></span></span><span style="font-family: "맑은 고딕"; letter-spacing: -1.5pt; font-size: 14pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;"><span style="font-family: "맑은 고딕"; font-size: 14pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;"><span style="font-size: 14pt; font-family: "맑은 고딕"; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">26</span></span></span><span style="font-family: "맑은 고딕"; letter-spacing: -1.5pt; font-size: 14pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;"><span style="font-family: "맑은 고딕"; font-size: 14pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;"><span style="font-size: 14pt; font-family: "맑은 고딕"; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">년만에 최고</span></span></span><span style="font-family: "맑은 고딕"; letter-spacing: -1.5pt; font-size: 14pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;"><span style="font-family: "맑은 고딕"; font-size: 14pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;"><span style="font-size: 14pt; font-family: "맑은 고딕"; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">... </span></span></span><span style="font-family: "맑은 고딕"; letter-spacing: -1.5pt; font-size: 14pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;"><span style="font-family: "맑은 고딕"; font-size: 14pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;"><span style="font-size: 14pt; font-family: "맑은 고딕"; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">하반기 </span></span></span><span style="font-family: "맑은 고딕"; letter-spacing: -1.5pt; font-size: 14pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;"><span style="font-family: "맑은 고딕"; font-size: 14pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;"><span style="font-size: 14pt; font-family: "맑은 고딕"; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">‘</span></span></span><span style="font-family: "맑은 고딕"; letter-spacing: -1.5pt; font-size: 14pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;"><span style="font-family: "맑은 고딕"; font-size: 14pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;"><span style="font-size: 14pt; font-family: "맑은 고딕"; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">경기 급락</span></span></span><span style="font-family: "맑은 고딕"; letter-spacing: -1.5pt; font-size: 14pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;"><span style="font-family: "맑은 고딕"; font-size: 14pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;"><span style="font-size: 14pt; font-family: "맑은 고딕"; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">’ </span></span></span><span style="font-family: "맑은 고딕"; letter-spacing: -1.5pt; font-size: 14pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;"><span style="font-family: "맑은 고딕"; font-size: 14pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;"><span style="font-size: 14pt; font-family: "맑은 고딕"; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">주의보</span></span></span></strong></p><p class="0" style="line-height: 200%; margin-top: 15pt; margin-bottom: 10pt; text-align: center; word-break: keep-all; font-family: 나눔고딕; font-size: 16px;"><strong><span style="font-family: 굴림; letter-spacing: -1.5pt; font-size: 18pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;"><br></span></strong></p><p class="0" style="line-height: 200%; margin-left: 13.5pt; text-indent: -13.5pt; font-family: 나눔고딕; font-size: 16px; margin-top: 0px; margin-bottom: 0px;"><strong><span style="font-family: "맑은 고딕"; letter-spacing: -1.6pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">- <</span><span style="font-family: "맑은 고딕"; letter-spacing: -1.6pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">商議</span><span style="font-family: "맑은 고딕"; letter-spacing: -1.6pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">> 2</span><span style="font-family: "맑은 고딕"; letter-spacing: -1.6pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">분기 제조업 재고지수 </span><span style="font-family: "맑은 고딕"; letter-spacing: -1.6pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">18.0% </span><span style="font-family: "맑은 고딕"; letter-spacing: -1.6pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">증가</span><span style="font-family: "맑은 고딕"; letter-spacing: -1.6pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">, 26</span><span style="font-family: "맑은 고딕"; letter-spacing: -1.6pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">년만에 최고 증가폭 </span><span style="font-family: "맑은 고딕"; letter-spacing: -1.6pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">... 4</span><span style="font-family: "맑은 고딕"; letter-spacing: -1.6pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">분기 연속 상승</span></strong></p><p class="0" style="line-height: 200%; margin-left: 13.5pt; text-indent: -13.5pt; font-family: 나눔고딕; font-size: 16px; margin-top: 0px; margin-bottom: 0px;"><strong><span style="font-family: "맑은 고딕"; letter-spacing: -1.6pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">- </span><span style="font-family: "맑은 고딕"; letter-spacing: -1.6pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">재고자산 </span><span style="font-family: "맑은 고딕"; letter-spacing: -1.6pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">1</span><span style="font-family: "맑은 고딕"; letter-spacing: -1.6pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">년새 </span><span style="font-family: "맑은 고딕"; letter-spacing: -1.6pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">39.7%</span><span style="font-family: "맑은 고딕"; letter-spacing: -1.6pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">↑</span><span style="font-family: "맑은 고딕"; letter-spacing: -1.6pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">, </span><span style="font-family: "맑은 고딕"; letter-spacing: -1.6pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">비금속광물</span><span style="font-family: "맑은 고딕"; letter-spacing: -1.6pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">(79.7%), </span><span style="font-family: "맑은 고딕"; letter-spacing: -1.6pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">석유정제</span><span style="font-family: "맑은 고딕"; letter-spacing: -1.6pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">(64.2%), </span><span style="font-family: "맑은 고딕"; letter-spacing: -1.6pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">전자</span><span style="font-family: "맑은 고딕"; letter-spacing: -1.6pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">·</span><span style="font-family: "맑은 고딕"; letter-spacing: -1.6pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">통신장비</span><span style="font-family: "맑은 고딕"; letter-spacing: -1.6pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">(58.1%) </span><span style="font-family: "맑은 고딕"; letter-spacing: -1.6pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">급증</span></strong></p><p class="0" style="line-height: 200%; margin-left: 13.5pt; text-indent: -13.5pt; font-family: 나눔고딕; font-size: 16px; margin-top: 0px; margin-bottom: 0px;"><strong><span style="font-family: "맑은 고딕"; letter-spacing: -1.6pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">- </span><span style="font-family: "맑은 고딕"; letter-spacing: -1.6pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">작년 하반기부터 생산</span><span style="font-family: "맑은 고딕"; letter-spacing: -1.6pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">-</span><span style="font-family: "맑은 고딕"; letter-spacing: -1.6pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">출하 </span><span style="font-family: "맑은 고딕"; letter-spacing: -1.6pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">‘</span><span style="font-family: "맑은 고딕"; letter-spacing: -1.6pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">디커플링</span><span style="font-family: "맑은 고딕"; letter-spacing: -1.6pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">’ ... </span><span style="font-family: "맑은 고딕"; letter-spacing: -1.6pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">생산</span><span style="font-family: "맑은 고딕"; letter-spacing: -1.6pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">, </span><span style="font-family: "맑은 고딕"; letter-spacing: -1.6pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">오버슈팅 이후 급감하면 경기침체 직결 우려</span></strong></p><p class="0" style="line-height: 200%; margin-left: 13.5pt; text-indent: -13.5pt; font-family: 나눔고딕; font-size: 16px; margin-top: 0px; margin-bottom: 0px;"><strong><span style="font-family: "맑은 고딕"; letter-spacing: -1.6pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">- </span><span style="font-family: "맑은 고딕"; letter-spacing: -1.6pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">수출전략 조기 실행</span><span style="font-family: "맑은 고딕"; letter-spacing: -1.6pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">, </span><span style="font-family: "맑은 고딕"; letter-spacing: -1.6pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">내수 진작책 마련 필요</span><span style="font-family: "맑은 고딕"; letter-spacing: -1.6pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">... </span></strong><span style="font-family: "맑은 고딕"; letter-spacing: -1.6pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;"><strong style="font-family: "맑은 고딕"; font-size: 12pt;">기업 고비용구조 해소 방안도 추진해야</strong></span></p><p class="0" style="line-height: 200%; margin-left: 13.5pt; text-indent: -13.5pt; font-family: 나눔고딕; font-size: 16px; margin-top: 0px; margin-bottom: 0px;"> </p><table style="border-collapse: collapse; table-layout: fixed; border-width: initial; border-style: none; border-color: initial;"><tbody><tr><td valign="middle" style="width: 635px; height: 4px; padding: 1.41pt 5.1pt; border-width: 1px; border-style: solid; border-color: rgb(0, 0, 0); background: rgb(229, 229, 229);"><p class="0" style="line-height: 200%; letter-spacing: -0.5pt; font-size: 6pt; font-family: 나눔고딕; margin-top: 0px; margin-bottom: 0px;"> </p><p class="0" style="line-height: 200%; font-family: 나눔고딕; font-size: 16px; margin-top: 0px; margin-bottom: 0px;"><strong><span style="font-family: "맑은 고딕"; letter-spacing: -0.5pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;"><</span><span style="font-family: "맑은 고딕"; letter-spacing: -0.5pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">사례 </span></strong><span style="font-family: "맑은 고딕"; letter-spacing: -0.5pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;"><strong style="font-family: "맑은 고딕"; font-size: 12pt;">1></strong></span></p><p class="0" style="line-height: 200%; font-family: 나눔고딕; font-size: 16px; margin-top: 0px; margin-bottom: 0px;"><span style="font-family: "맑은 고딕"; letter-spacing: -0.5pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">경상남도 소재 석유정제업체 </span><span style="font-family: "맑은 고딕"; letter-spacing: -0.5pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">A</span><span style="font-family: "맑은 고딕"; letter-spacing: -0.5pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">사는 최근 늘어나는 재고 때문에 채산성 악화에 시달리고 있다</span><span style="font-family: "맑은 고딕"; letter-spacing: -0.5pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">. </span><span style="font-family: "맑은 고딕"; letter-spacing: -0.5pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">작년 하반기 정제마진 회복으로 큰 영업이익을 기록했던 </span><span style="font-family: "맑은 고딕"; letter-spacing: -0.5pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">A</span><span style="font-family: "맑은 고딕"; letter-spacing: -0.5pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">사는 유가 상승에 대비하기 위해 원유 구매량을 늘리고 설비가동률도 높이는 등 경기 회복에 대비해 왔는데</span><span style="font-family: "맑은 고딕"; letter-spacing: -0.5pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">, </span><span style="font-family: "맑은 고딕"; letter-spacing: -0.5pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">올해 상반기 이후 경기침체 위험이 커지면서 수요가 줄어 재고가 급증하고 있는 것</span><span style="font-family: "맑은 고딕"; letter-spacing: -0.5pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">.</span></p><p class="0" style="line-height: 200%; font-family: 나눔고딕; font-size: 16px; margin-top: 0px; margin-bottom: 0px;"><span style="font-family: "맑은 고딕"; letter-spacing: -0.5pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">A</span><span style="font-family: "맑은 고딕"; letter-spacing: -0.5pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">사 경영지원팀장은 </span><span style="font-family: "맑은 고딕"; letter-spacing: -0.5pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">“</span><span style="font-family: "맑은 고딕"; letter-spacing: -0.5pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">유가 상승에 대비한다고 선제적으로 원유 구매량을 늘린 게 오히려 독이 됐다</span><span style="font-family: "맑은 고딕"; letter-spacing: -0.5pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">”</span><span style="font-family: "맑은 고딕"; letter-spacing: -0.5pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">며</span><span style="font-family: "맑은 고딕"; letter-spacing: -0.5pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">, “</span><span style="font-family: "맑은 고딕"; letter-spacing: -0.5pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">재고는 느는데 수요는 좀처럼 늘어날 기미가 보이지 않아 올해 매출 목표 달성은 물론이고 영업이익을 흑자로 가져갈 수 있을지 예측이 어려운 상황</span><span style="font-family: "맑은 고딕"; letter-spacing: -0.5pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">”</span><span style="font-family: "맑은 고딕"; letter-spacing: -0.5pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">이라고 말했다</span><span style="font-family: "맑은 고딕"; letter-spacing: -0.5pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">.</span></p><p class="0" style="line-height: 200%; letter-spacing: -0.5pt; font-size: 6pt; font-family: 나눔고딕; margin-top: 0px; margin-bottom: 0px;"> </p></td></tr></tbody></table><p style="line-height: 200%; font-family: 나눔고딕; font-size: 16px; margin-top: 0px; margin-bottom: 0px;"> </p><table style="border-collapse: collapse; table-layout: fixed; border-width: initial; border-style: none; border-color: initial;"><tbody><tr><td valign="middle" style="width: 635px; height: 4px; padding: 1.41pt 5.1pt; border-width: 1px; border-style: solid; border-color: rgb(0, 0, 0); background: rgb(229, 229, 229);"><p class="0" style="line-height: 200%; letter-spacing: -0.5pt; font-size: 6pt; font-family: 나눔고딕; margin-top: 0px; margin-bottom: 0px;"> </p><p class="0" style="line-height: 200%; font-family: 나눔고딕; font-size: 16px; margin-top: 0px; margin-bottom: 0px;"><strong><span style="font-family: "맑은 고딕"; letter-spacing: -0.5pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;"><</span><span style="font-family: "맑은 고딕"; letter-spacing: -0.5pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">사례 </span></strong><span style="font-family: "맑은 고딕"; letter-spacing: -0.5pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;"><strong style="font-family: "맑은 고딕"; font-size: 12pt;">2></strong></span></p><p class="0" style="line-height: 200%; font-family: 나눔고딕; font-size: 16px; margin-top: 0px; margin-bottom: 0px;"><span style="font-family: "맑은 고딕"; letter-spacing: -0.5pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">경기도 소재 통신기기부품 제조업체 </span><span style="font-family: "맑은 고딕"; letter-spacing: -0.5pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">B</span><span style="font-family: "맑은 고딕"; letter-spacing: -0.5pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">사는 여름휴가 이후부터 공장 가동률을 예년의 절반 수준으로 줄였고</span><span style="font-family: "맑은 고딕"; letter-spacing: -0.5pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">, </span><span style="font-family: "맑은 고딕"; letter-spacing: -0.5pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">조만간 더 줄일 예정이다</span><span style="font-family: "맑은 고딕"; letter-spacing: -0.5pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">. B</span><span style="font-family: "맑은 고딕"; letter-spacing: -0.5pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">사 대표는 </span><span style="font-family: "맑은 고딕"; letter-spacing: -0.5pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">“</span><span style="font-family: "맑은 고딕"; letter-spacing: -0.5pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">작년 하반기부터 재고가 늘어나기 시작했는데 올해 상반기 들어서는 걷잡을 수 없는 상황</span><span style="font-family: "맑은 고딕"; letter-spacing: -0.5pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">”</span><span style="font-family: "맑은 고딕"; letter-spacing: -0.5pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">이라며 </span><span style="font-family: "맑은 고딕"; letter-spacing: -0.5pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">“</span><span style="font-family: "맑은 고딕"; letter-spacing: -0.5pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">공장 내부에 적재 공간이 없어 주변 창고까지 임대하고 있지만 더 이상 보관할 곳이 없다</span><span style="font-family: "맑은 고딕"; letter-spacing: -0.5pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">”</span><span style="font-family: "맑은 고딕"; letter-spacing: -0.5pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">고 말했다</span><span style="font-family: "맑은 고딕"; letter-spacing: -0.5pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">. “</span><span style="font-family: "맑은 고딕"; letter-spacing: -0.5pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">상반기에 자금이 다소 모자라 원자재 확보가 늦어졌는데 오히려 다행이라고 느껴질 정도</span><span style="font-family: "맑은 고딕"; letter-spacing: -0.5pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">”</span><span style="font-family: "맑은 고딕"; letter-spacing: -0.5pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">라는 말도 덧붙였다</span><span style="font-family: "맑은 고딕"; letter-spacing: -0.5pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">.</span></p><p class="0" style="line-height: 200%; font-family: 나눔고딕; font-size: 16px; margin-top: 0px; margin-bottom: 0px;"><span style="font-family: "맑은 고딕"; letter-spacing: -0.5pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">B</span><span style="font-family: "맑은 고딕"; letter-spacing: -0.5pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">사 대표는 </span><span style="font-family: "맑은 고딕"; letter-spacing: -0.5pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">“2~3</span><span style="font-family: "맑은 고딕"; letter-spacing: -0.5pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">개 해외 업체와의 수출계약이 진행 중인데 만약 체결되면 그나마 숨통이 좀 트이겠지만</span><span style="font-family: "맑은 고딕"; letter-spacing: -0.5pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">, </span><span style="font-family: "맑은 고딕"; letter-spacing: -0.5pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">그렇지 않으면 </span><span style="font-family: "맑은 고딕"; letter-spacing: -0.5pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">4</span><span style="font-family: "맑은 고딕"; letter-spacing: -0.5pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">분기부터는 일부 직원들을 대상으로 무급휴직에 들어갈 수밖에 없을 것 같다</span><span style="font-family: "맑은 고딕"; letter-spacing: -0.5pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">”</span><span style="font-family: "맑은 고딕"; letter-spacing: -0.5pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">고 어려움을 토로했다</span><span style="font-family: "맑은 고딕"; letter-spacing: -0.5pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">.</span></p><p class="0" style="line-height: 200%; letter-spacing: -0.5pt; font-size: 6pt; font-family: 나눔고딕; margin-top: 0px; margin-bottom: 0px;"> </p></td></tr></tbody></table><p style="line-height: 200%; font-family: 나눔고딕; font-size: 16px; margin-top: 0px; margin-bottom: 0px;"> </p><p class="0" style="line-height: 200%; font-family: 나눔고딕; font-size: 16px; margin-top: 0px; margin-bottom: 0px;"><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">최근 빠르게 증가하고 있는 기업 재고가 대외변수에 따른 일시적 조정이 아닌 본격적인 경기침체 가능성을 강하게 시사하고 있다는 주장이 제기됐다</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">.</span></p><p class="0" style="line-height: 200%; font-family: 나눔고딕; font-size: 16px; margin-top: 0px; margin-bottom: 0px;"> </p><p class="0" style="line-height: 200%; font-family: 나눔고딕; font-size: 16px; margin-top: 0px; margin-bottom: 0px;"><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">대한상공회의소</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">(</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">회장 최태원</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">)</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">는 </span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">14</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">일 </span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">‘</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">기업 활동으로 본 최근 경기 상황 평가</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">’ </span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">자료를 발표하고</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">, “</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">지난 </span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">2</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">분기 산업활동동향의 제조업 재고지수 증가율</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">(</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">계절조정 전년동기비</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">)</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">이 </span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">18.0%</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">를 기록해 분기별 수치로는 지난 외환위기 </span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">직전인 </span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">1996</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">년 </span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">2</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">분기</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">(22.0%) </span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">이후 </span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">26</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">년만에 가장 높은 증가폭을 기록했다</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">”</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">고 밝혔다</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">.</span></p><p class="0" style="line-height: 200%; font-family: 나눔고딕; font-size: 16px; margin-top: 0px; margin-bottom: 0px;"><span style="font-family: 휴먼명조; letter-spacing: -1pt; font-size: 13pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;"><br></span></p><p class="0" style="line-height: 200%; font-family: 나눔고딕; font-size: 16px; margin-top: 0px; margin-bottom: 0px;"><span style="font-family: 휴먼명조; letter-spacing: -1pt; font-size: 13pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;"><img src="http://www.korcham.net/dext5editordata/2022/09/20220916_085114574_24617.png" title="" alt="" border="0" style="width: 606px; height: 280px; border: 0px solid;"><br></span></p><p class="0" style="line-height: 200%; font-family: 나눔고딕; font-size: 16px; margin-top: 0px; margin-bottom: 0px;"> </p><p class="0" style="line-height: 200%; font-family: 나눔고딕; font-size: 16px; margin-top: 0px; margin-bottom: 0px;"><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">대한상의는 </span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">“</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">재고는 경기 변동에 따라 자연스럽게 늘어나고 줄어들게 마련이지만 최근 재고 증가 흐름은 작년 </span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">2</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">분기를 저점으로 </span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">4</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">개 분기 연속 상승하는 이례적인 모습</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">”</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">이라며 </span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">“</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">이처럼 분기 기준으로 장기간 재고지수가 상승세를 보인 것은 </span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">2017</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">년 이후 </span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">4</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">년만에 처음</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">”</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">이라고 설명했다</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">.</span></p><p class="0" style="line-height: 200%; font-family: 나눔고딕; font-size: 16px; margin-top: 0px; margin-bottom: 0px;"><span style="font-family: 휴먼명조; letter-spacing: -1pt; font-size: 13pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;"><br></span></p><p class="0" style="line-height: 200%; font-family: 나눔고딕; font-size: 16px; margin-top: 0px; margin-bottom: 0px;"><span style="font-family: 휴먼명조; letter-spacing: -1pt; font-size: 13pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;"><img src="http://www.korcham.net/dext5editordata/2022/09/20220916_085127183_02939.png" title="" alt="" border="0" style="width: 566px; height: 324px; border: 0px solid;"><br></span></p><p class="0" style="line-height: 200%; font-family: 나눔고딕; font-size: 16px; margin-top: 0px; margin-bottom: 0px;"> </p><p class="0" style="line-height: 200%; font-family: 나눔고딕; font-size: 16px; margin-top: 0px; margin-bottom: 0px;"><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">기업 규모별로는 작년 </span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">2</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">분기 대기업의 재고지수 증감률이 </span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">-6.4%</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">에서 올해 </span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">2</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">분기에는 </span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">22.0%</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">로 치솟았으나</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">, </span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">중소기업의 경우 </span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">1.2%(’21</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">년 </span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">2</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">분기</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">)</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">에서 </span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">7.0%</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">로</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">(’22</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">년 </span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">2</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">분기</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">) </span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">상대적으로 완만한 증가세를 보였다</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">.</span></p><p class="0" style="line-height: 200%; font-family: 나눔고딕; font-size: 16px; margin-top: 0px; margin-bottom: 0px;"><span style="font-family: 휴먼명조; letter-spacing: -1pt; font-size: 13pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;"><br></span></p><p class="0" style="line-height: 200%; font-family: 나눔고딕; font-size: 16px; margin-top: 0px; margin-bottom: 0px;"><span style="font-family: 휴먼명조; letter-spacing: -1pt; font-size: 13pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;"><img src="http://www.korcham.net/dext5editordata/2022/09/20220916_085144105_51055.png" title="" alt="" border="0" style="width: 619px; height: 344px; border: 0px solid;"><br></span></p><p class="0" style="line-height: 200%; font-family: 나눔고딕; font-size: 16px; margin-top: 0px; margin-bottom: 0px;"><span style="font-family: 휴먼명조; letter-spacing: -1pt; font-size: 13pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;"><br></span></p><p class="0" style="line-height: 200%; font-family: 나눔고딕; font-size: 16px; margin-top: 0px; margin-bottom: 0px;"><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">실제로 대한상의가 한국평가데이터에 의뢰해 매분기 재무제표를 공시하는 제조업체 상장기업</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">(</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">약 </span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">1400</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">여개</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">)</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">을 대상으로 분석한 바에 따르면</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">, </span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">대기업의 재고자산은 작년 </span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">2</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">분기 </span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">61</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">조 </span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">4770</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">억원에서 올해 </span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">2</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">분기 </span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">89</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">조 </span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">1030</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">억원으로 증가해 중소기업 재고자산의 증가분</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">(7</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">조 </span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">4370</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">억원</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">→</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">9</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">조 </span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">5010</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">억원</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">)</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">을 압도했다</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">.</span></p><p class="0" style="line-height: 200%; font-family: 나눔고딕; font-size: 16px; margin-top: 0px; margin-bottom: 0px;"> </p><p class="0" style="line-height: 200%; font-family: 나눔고딕; font-size: 16px; margin-top: 0px; margin-bottom: 0px;"><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">또한 제조업 전체로는 작년 </span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">2</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">분기 대비 올해 </span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">2</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">분기 재고자산이 </span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">39.7% </span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">증가했으며</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">, </span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">세부 업종별로는 </span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">‘</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">비금속 광물제품</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">’(79.7%), ‘</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">코크스</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">·</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">연탄 및 석유정제품</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">’(64.2%), ‘</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">전자부품</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">·</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">컴퓨터</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">·</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">영상</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">·</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">음향 및 통신장비 제조업</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">’(58.1%), ‘1</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">차 금속</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">’(56.7%) </span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">등의 재고자산 증가율이 특히 높게 나타났다</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">. </span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">특히 재고자산 물량이 가장 많은 </span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">‘</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">전자부품</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">·</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">컴퓨터</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">·</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">영상</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">·</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">음향 및 통신장비 제조업</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">’</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">의 경우 전체 제조업 재고자산에서 차지하는 비중이 작년 </span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">2</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">분기 </span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">24.7%</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">에서 올해 </span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">2</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">분기 </span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">27.9%</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">로 비중이 확대됐다</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">.</span></p><p class="0" style="line-height: 200%; font-family: 나눔고딕; font-size: 16px; margin-top: 0px; margin-bottom: 0px;"><span style="font-family: 휴먼명조; letter-spacing: -1pt; font-size: 13pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;"><br></span></p><p class="0" style="line-height: 200%; font-family: 나눔고딕; font-size: 16px; margin-top: 0px; margin-bottom: 0px;"><span style="font-family: 휴먼명조; letter-spacing: -1pt; font-size: 13pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;"><img src="http://www.korcham.net/dext5editordata/2022/09/20220916_085201512_84556.png" title="" alt="" border="0" style="width: 608px; height: 510px; border: 0px solid;"><br></span></p><p class="0" style="line-height: 200%; font-family: 나눔고딕; font-size: 16px; margin-top: 0px; margin-bottom: 0px;"><span style="font-family: 휴먼명조; letter-spacing: -1pt; font-size: 13pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;"><br></span></p><p class="0" style="line-height: 200%; font-family: 나눔고딕; font-size: 16px; margin-top: 0px; margin-bottom: 0px;"><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">대한상의는 보고서에서 </span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">“</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">최근 재고가 급격하게 늘어난 것은 </span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">①</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">작년 하반기부터 코로나</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">19 </span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">특수 대응 차원에서 공급을 늘렸고</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">, </span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">②</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">국제유가</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">·</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">원자재가격 급등에 대응하기 위해 기업들이 원자재를 초과 확보해 제품 생산에 투입한데다</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">, </span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">③</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">글로벌 공급망 차질로 인해 제품 출하가 늦어진 것이 기본 원인</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">”</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">이라고 전제하고 </span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">“</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">이러한 현상은 우리나라뿐 아니라 정도의 차이는 있지만 다른 나라도 마찬가지</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">”</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">라고 밝혔다</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">. </span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">단기적인 이슈들인 만큼 글로벌 수요만 받쳐준다면 곧 해소될 수 있을 것으로 기업들이 기대해 왔다는 설명이다</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">.</span></p><p class="0" style="line-height: 200%; font-family: 나눔고딕; font-size: 16px; margin-top: 0px; margin-bottom: 0px;"> </p><p class="0" style="line-height: 200%; font-family: 나눔고딕; font-size: 16px; margin-top: 0px; margin-bottom: 0px;"><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">그러나 대한상의는 </span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">“</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">문제는 러시아</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">-</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">우크라이나 전쟁의 발발</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">, </span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">글로벌 인플레이션</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">, </span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">미국의 지속적인 금리 인상 등으로 글로벌 수요 기반이 급격하게 위축되고 있다는 것</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">”</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">이라고 우려를 나타냈다</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">.</span></p><p class="0" style="line-height: 200%; font-family: 나눔고딕; font-size: 16px; margin-top: 0px; margin-bottom: 0px;"> </p><p class="0" style="line-height: 200%; font-family: 나눔고딕; font-size: 16px; margin-top: 0px; margin-bottom: 0px;"><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">이를 반영하듯 제조업 생산지수와 출하지수는 </span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">4</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">개 분기 연속으로 감소세를 보이고 있다</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">. </span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">주목할 부분은 출하의 감소폭이 생산 감소폭보다 더 커 생산</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">-</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">출하간 디커플링</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">(</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">격차</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">)</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">이 계속 벌어지고 있다는 점이다</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">. </span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">통상적으로 판매</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">(</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">출하</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">)</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">가 줄어들면 제품이 쌓이고</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">(</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">재고</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">), </span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">기업들이 이에 맞춰 생산을 감소시켜 생산</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">-</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">출하가 비슷한 추세를 보이게 된다</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">. </span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">그러나 최근의 생산지수</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">-</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">출하지수 디커플링은 오히려 확대되는 모습이다</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">.</span></p><p class="0" style="line-height: 200%; font-family: 나눔고딕; font-size: 16px; margin-top: 0px; margin-bottom: 0px;"><span style="font-family: 휴먼명조; letter-spacing: -1pt; font-size: 13pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;"><br></span></p><p class="0" style="line-height: 200%; font-family: 나눔고딕; font-size: 16px; margin-top: 0px; margin-bottom: 0px;"><span style="font-family: 휴먼명조; letter-spacing: -1pt; font-size: 13pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;"><img src="http://www.korcham.net/dext5editordata/2022/09/20220916_08522598_07059.png" title="" alt="" border="0" style="width: 606px; height: 168px; border: 0px solid;"><br></span></p><p class="0" style="line-height: 200%; font-family: 나눔고딕; font-size: 16px; margin-top: 0px; margin-bottom: 0px;"><span style="font-family: 휴먼명조; letter-spacing: -1pt; font-size: 13pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;"><br></span></p><p class="0" style="line-height: 200%; font-family: 나눔고딕; font-size: 16px; margin-top: 0px; margin-bottom: 0px;"><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">이는 기업들이 판매</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">(</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">출하</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">) </span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">부진에도 불구하고 생산을 탄력적으로 조정하지 못하고 오버슈팅</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">(Over-shooting)</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">하고 있다는 것을 보여준다</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">. 2</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">분기 말부터 기업들이 일부 생산을 조절하고 있으나 재고가 이미 높은 수준이라 </span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">3</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">분기부터는 생산 감소가 본격적으로 이어질 것으로 대한상의는 내다봤다</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">. </span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">기업들이 공장 가동률을 낮추게 되면 유휴 인력이 발생하고 그만큼 고용과 신규 시설투자가 줄어드는 악순환으로 이어질 가능성이 높아진다</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">. </span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">이미 상당수 기업은 올해 채용 및 시설투자를 재검토하거나 보류하는 추세다</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">.</span></p><p class="0" style="line-height: 200%; font-family: 나눔고딕; font-size: 16px; margin-top: 0px; margin-bottom: 0px;"> </p><p class="0" style="line-height: 200%; font-family: 나눔고딕; font-size: 16px; margin-top: 0px; margin-bottom: 0px;"><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">대한상의는 </span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">“</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">우리 경제는 대외여건의 악화로 인해 수출증가율이 둔화되고 무역적자가 심화되는 등 수출이 타격을 받고 있는데다</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">, </span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">고물가와 금리 인상으로 내수 진작을 기대하기 어려운 상황</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">”</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">이라며 </span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">“</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">기업 재고가 급증하고 있는 상황에서 그 동안 오버슈팅되어 왔던 생산이 급감할 경우 경기 급락으로 이어질 수 있는 만큼 하반기 정책당국의 역할이 매우 중요해졌다</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">”</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">라고 강조했다</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">.</span></p><p class="0" style="line-height: 200%; font-family: 나눔고딕; font-size: 16px; margin-top: 0px; margin-bottom: 0px;"> </p><p class="0" style="line-height: 200%; font-family: 나눔고딕; font-size: 16px; margin-top: 0px; margin-bottom: 0px;"><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">강석구 대한상의 조사본부장은 </span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">“</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">가용 가능한 모든 정책 수단을 동원해야 한다</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">”</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">고 전제하고 </span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">“</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">정부가 최근 무역수지 개선</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">, </span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">중장기 수출경쟁력 강화 지원 등 수출 종합 전략을 발표한 만큼 이를 조속히 실행에 옮기는 한편</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">, </span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">코세페</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">(</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">코리아 세일 페스타</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">)·</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">동행세일 등 내수 진작을 위한 다양한 프로그램을 하반기 중 마련</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">·</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">실행해야 한다</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">”</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">고 말했다</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">. </span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">강 본부장은 아울러 </span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">“</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">기업의 채산성 악화가 생산 감소</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">, </span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">고용</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">·</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">투자 위축으로 이어지지 않도록 규제</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">·</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">노동</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">·</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">금융</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">·</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">교육 등 구조개혁을 통해 우리 경제의 고비용 구조를 개선해 나가는 것도 더 이상 미룰 수 없는 과제</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">”</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">라고 강조했다</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">.</span></p><p class="0" style="line-height: 200%; font-family: 나눔고딕; font-size: 16px; margin-top: 0px; margin-bottom: 0px;"><span style="font-family: 휴먼명조; letter-spacing: -1pt; font-size: 13pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;"><br></span></p><p class="0" style="line-height: 200%; letter-spacing: -1pt; font-size: 11pt; color: rgb(37, 110, 245); font-family: 나눔고딕; margin-top: 0px; margin-bottom: 0px;"> </p><table style="border-collapse: collapse; table-layout: fixed; border-width: initial; border-style: none; border-color: initial;"><tbody><tr><td valign="middle" style="width: 635px; height: 4px; padding: 1.41pt 5.1pt; border-width: 1px; border-style: solid; border-color: rgb(0, 0, 0); background: rgb(229, 229, 229);"><p class="0" style="line-height: 200%; letter-spacing: -1pt; font-size: 6pt; font-family: 나눔고딕; margin-top: 0px; margin-bottom: 0px;"> </p><p class="0" style="line-height: 200%; font-family: 나눔고딕; font-size: 16px; margin-top: 0px; margin-bottom: 0px;"><strong><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">[</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">참고</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">] </span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">주요 용어</span></strong></p><p class="0" style="line-height: 200%; letter-spacing: -1pt; font-size: 6pt; font-family: 나눔고딕; margin-top: 0px; margin-bottom: 0px;"> </p><p class="0" style="line-height: 200%; font-family: "맑은 고딕"; font-size: 12pt; margin-top: 0px; margin-bottom: 0px;"><strong><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">◦ </span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">출하지수</span></strong> <span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">: </span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">생산자의 판매활동과 광업</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">·</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">제조업 및 전기</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">·</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">가스제품의 출하</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">* </span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">동향을 나타내는 지표</span></p><p class="0" style="line-height: 200%; margin-left: 65.2pt; text-indent: -65.2pt; font-family: 나눔고딕; font-size: 16px; margin-top: 0px; margin-bottom: 0px;"><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">* </span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">출하 </span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">: </span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">생산된 제품을 판매 등의 목적으로 광장 관할 밖의 외부로 출고하는 것</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">. </span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">다만 보관만을 위해 공장 내 창고</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">, </span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">타 지역에 있는 자기창고나 타인창고로 이송하는 것은 해당되지 않음</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">.</span></p><p class="0" style="line-height: 200%; margin-left: 23.5pt; text-indent: -23.5pt; font-family: 나눔고딕; font-size: 16px; margin-top: 0px; margin-bottom: 0px;"><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">- </span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">출하지수는 판매 등을 위한 제품의 장소적 이전을 기준으로 작성하기 때문에 출하액과 최종 수요자에게 판매된 실적과는 차이가 있음</span></p><p class="0" style="line-height: 200%; letter-spacing: -1pt; font-size: 6pt; font-family: 나눔고딕; margin-top: 0px; margin-bottom: 0px;"> </p><p class="0" style="line-height: 200%; margin-left: 14.4pt; text-indent: -14.4pt; font-family: "맑은 고딕"; font-size: 12pt; margin-top: 0px; margin-bottom: 0px;"><strong><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">◦ </span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">재고지수</span></strong> <span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">: </span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">광업 및 제조업체가 보유하고 있는 제품재고</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">(</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">원재료</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">, </span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">반제품</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">, </span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">재공품은 제외</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">)</span><span style="font-family: "맑은 고딕"; letter-spacing: -1pt; font-size: 12pt; line-height: 32px; margin-top: 0px; margin-bottom: 0px;">의 변동을 파악해 기말 재고수준을 나타내는 지표</span></p><p class="0" style="margin-left: 13.7pt; text-indent: -13.7pt; letter-spacing: -1pt; font-size: 6pt; line-height: 200%; font-family: 나눔고딕; margin-top: 0px; margin-bottom: 0px;"> </p></td></tr></tbody></table><p class="0" style="line-height: 200%; font-family: 나눔고딕; font-size: 16px; margin-top: 0px; margin-bottom: 0px;"> </p><p class="0" style="line-height: 200%; font-family: 나눔고딕; font-size: 16px; margin-top: 0px; margin-bottom: 0px;"> </p><div id="hwpEditorBoardContent" class="hwp_editor_board_content" data-hjsonver="1.0" data-jsonlen="17999" style="font-family: 나눔고딕; font-size: 16px; line-height: normal; margin-top: 0px; margin-bottom: 0px;"><p style="line-height: 200%; font-family: 나눔고딕; font-size: 16px; margin-top: 0px; margin-bottom: 0px;"> </p></div><p style="line-height: 200%; font-family: 나눔고딕; font-size: 16px; margin-top: 0px; margin-bottom: 0px;"> </p><p style="line-height: 200%; font-family: 나눔고딕; font-size: 16px; margin-top: 0px; margin-bottom: 0px;"> </p>

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