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Financial News: South Korea Industrial Production Gains 1.4% On Month

South Korea Industrial Production Gains 1.4% On Month In March

04/29/2019 - 20:14:00 (RTTNews)

(RTTNews) - Industrial output in South Korea climbed a seasonally adjusted 1.4 percent on month in March, Statistics Korea said on Tuesday - rebounding from the 3.4 percent contraction in February.

On a yearly basis, industrial was down 2.8 percent following the 3.4 percent annual slide in the previous month.

The index of all industry production was up 1.1 percent on month and down 0.7 percent on year. In February, the index was down 2.6 percent on month and 1.9 percent on year.

The Manufacturing Production Index increased 1.5 percent on month but fell 2.9 percent on year. The Manufacturing Shipment Index gained 2.5 percent on month but fell 1.5 percent on year. The Manufacturing Inventory Index shed 0.6 percent on month but climbed 4.6 percent on year.

The Production Capacity Index added 0.2 percent on month but fell 0.5 percent on year. The Index of Capacity Utilization Rate climbed 1.4 percent on month but lost 2.5 percent on year.

The Manufacturing Average Capacity Utilization Rate in March marked 71.5 percent, which increased by 1.0 percentage points from the previous month. The Index of Services added 0.2 percent from the previous month and 0.6 percent on year.

The Retail Sales Index jumped 3.3 percent on month and 2.4 percent on year. The Equipment Investment Index jumped 10.0 percent on month but tumbled 15.5 percent on year.

The Domestic Machinery Shipment Index in March dropped 15.2 percent on year. The value of Domestic Machinery Orders Received fell 6.7 percent on year.

The value of construction completed at constant prices increased 8.9 percent on month but lost 2.9 percent on year. The value of construction orders received at current prices surged 18.7 percent on year.

The Composite Coincident Index in March added 0.1 percent from the previous month. The Cyclical Component of Composite Coincident Index, which reflects current economic situations, eased 0.1 points from the previous month.

The Composite Leading Index in March gained 0.2 percent on month. The Cyclical Component of Composite Leading Index, which predicts the turning point in business cycle, eased 0.1 points on month.

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