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Financial News: South Korea Industrial Output Expands 0.4% In July

South Korea Industrial Output Expands 0.4% In July

08/30/2018 - 19:24:00 (RTTNews)

(RTTNews) - Industrial production in South Korea climbed a seasonally adjusted 0.4 percent on month in July, Statistics Korea said on Friday - following the 0.7 percent contraction in June.

On a yearly basis, industrial production picked up 0.9 percent after sliding 0.4 percent in the previous month.

The Index of All Industry Production was up 0.5 percent on month and 1.2 percent on year.

The Manufacturing Production Index added 0.1 percent on month and 0.8 percent on year in July. The Manufacturing Shipment Index fell 0.3 percent on month and 0.9 percent on year. The Manufacturing Inventory Index shed 2.6 percent on month but increased 4.8 percent on year.

The Production Capacity Index was flat on month but fell 1.3 percent on year. The Index of Capacity Utilization Rate added 1.2 percent on month and 1.9 percent on year. The Manufacturing Average Capacity Utilization Rate in July was 74.3 percent, up 0.9 percentage points on month.

The Index of Services in July was flat on month but gained 2.0 percent on year. The Retail Sales Index rose 0.5 percent on month and 6.0 percent on year. The Equipment Investment Index fell 0.6 percent on month and 10.4 percent on year.

The Domestic Machinery Shipment Index in July shed 4.1 percent on year. The value of Domestic Machinery Orders Received slid 6.2 percent on year. The value of construction completed at constant prices fell 0.1 percent on month and 7.0 percent on year. The value of Construction Orders Received at current prices jumped 19.6 percent on year.

The Composite Coincident Index in July eased 0.1 percent on month. The Cyclical Component of Composite Coincident Index, which reflects current economic situations, fell 0.3 points on month. The Composite Leading Index lost 0.2 percent on month. The Cyclical Component of Composite Leading Index, which predicts the turning point in business cycle, eased 0.2 points on month.

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