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Financial News: South Korea Industrial Production Falls 0.6% In June

South Korea Industrial Production Falls 0.6% In June

07/30/2018 - 19:45:00 (RTTNews)

(RTTNews) - Industrial output in South Korea slipped a seasonally adjusted 0.6 percent on month in June, Statistics Korea said on Tuesday.

That's down from the upwardly revised 1.2 percent jump in May (originally 1.1 percent).

On a yearly basis, industrial production fell 0.4 percent following the upwardly revised 1.2 percent gain in the previous month (originally 0.9 percent).

The index of all industry production fell 0.7 percent on month and was unchanged on year in June.

The Manufacturing Production Index fell 0.8 percent on month and 0.7 percent on year. The Manufacturing Shipment Index lost 1.5 percent on month and 2.1 percent on year. The Manufacturing Inventory Index climbed 1.1 percent on month and 8.4 percent on year.

The Production Capacity Index eased 0.2 percent on month and 1.2 percent on year. The Index of Capacity Utilization Rate lost 0.7 percent on month but added 0.2 percent on year. The Manufacturing Average Capacity Utilization Rate in June was 73.5 percent, down 0.5 percentage points from the previous month.

The Index of Services added 0.2 percent on month and 1.7 percent on year. The Retail Sales Index gained 0.6 percent on month and 4.0 percent on year. The Equipment Investment Index tumbled 5.9 percent on month and 13.8 percent on year.

The Domestic Machinery Shipment Index dropped 9.2 percent on year. The value of Domestic Machinery Orders Received in June tumbled 15.2 percent on year.

The value of Construction Completed at constant prices fell 4.8 percent on month and 7.7 percent on year. The value of Construction Orders Received at current prices plummeted 18.3 percent on year.

The Composite Coincident Index was flat on month. The Cyclical Component of Composite Coincident Index, which reflects current economic situations, eased 0.2 points from the previous month.

The Composite Leading Index in June added 0.3 percent on month. The Cyclical Component of Composite Leading Index, which predicts the turning point in business cycle, fell 0.1 points from the previous month.

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