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Financial News: South Korea Industrial Output Rises 1.6% In April

South Korea Industrial Output Rises 1.6% In April

05/30/2019 - 19:45:00 (RTTNews)

(RTTNews) - Industrial production in South Korea climbed a seasonally adjusted 1.6 percent on month in April, Statistics Korea said on Friday - down from 2.1 percent in March.

On a yearly basis, industrial production eased 0.1 percent after sliding 2.3 percent in the previous month.

The index of all industry production rose 0.7 percent both on month and on year in April.

The Manufacturing Production Index in April increased 1.7 percent on month but fell 0.2 percent on year. The Manufacturing Shipment Index shed 0.8 percent on month but added 0.1 percent on year. The Manufacturing Inventory Index in April climbed 2.5 percent on month and 6.1 percent on year.

The Production Capacity Index in lost 0.6 percent on month and 0.9 percent on year. The Index of Capacity Utilization Rate rose 1.5 percent on month and 0.4 percent on year.

The Manufacturing Average Capacity Utilization Rate was 72.6 percent, up 1.0 percentage points from the previous month. The Index of Services in April added 0.3 percent from the previous month and 1.5 percent on year. The Retail Sales Index fell 1.2 percent on month but added 1.4 percent on year.

The Equipment Investment Index jumped 4.6 percent on month but lost 6.3 percent on year. The Domestic Machinery Shipment Index tumbled 9.2 percent on year. The value of Domestic Machinery Orders Received eased 0.2 percent on year.

The value of Construction Completed at constant prices shed 2.8 percent on month and 5.6 percent on year. The value of Construction Orders Received at current prices surged an annual 23.8 percent.

The Composite Coincident Index in April added 0.2 percent on month. The Cyclical Component of Composite Coincident Index, which reflects current economic situations, showed no change from the previous month.

The Composite Leading Index in April rose 0.4 percent on month. The Cyclical Component of Composite Leading Index, which predicts the turning point in business cycle, showed no change from the previous month.

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