FOREX TradingCharts.com

Financial News: South Korea Industrial Output Climbs 7.2% In June

South Korea Industrial Output Climbs 7.2% In June

07/30/2020 - 21:15:00 (RTTNews)

(RTTNews) - Industrial production in South Korea was up a seasonally adjusted 7.2 percent on month in June, Statistics Korea said on Friday.

That blew away expectations for an increase of 2.1 percent following the 6.7 percent decline in May.

On a yearly basis, industrial production eased 0.5 percent - but that also handily beat forecasts for a fall of 4.9 percent following the 9.6 percent drop in the previous month.

The Index of all industry production in June increased 4.2 percent on month and 0.7 percent on year.

The Manufacturing Production Index in June increased 7.4 percent from the previous month but decreased 0.4 percent from the same period of the previous year.

The Manufacturing Shipment Index in June increased 8.4 percent on month but fell 2.4 percent on year. The Manufacturing Inventory Index slipped 1.4 percent on month but increased 2.0 percent on year. The Production Capacity Index rose 0.1 percent om month and 1.5 percent on year.

The Index of Capacity Utilization Rate in June increased 7.8 percent on month but shed 4.0 percent on year. The Manufacturing Average Capacity Utilization Rate in June marked 68.3 percent, up 4.9 percentage points from the previous month. The Index of Services increased 2.2 percent on month but eased 0.1 percent on year.

The Retail Sales Index in June increased 2.4 percent on month and 6.3 percent on year. The Equipment Investment Index gained 5.4 percent on month and 13.9 percent om year.

The Domestic Machinery Shipment Index in June increased 7.8 percent on year, while the value of Domestic Machinery Orders Received spiked 19.0 percent on year.

The value of Construction Completed at constant prices rose 0.4 percent on month but fell 2.7 percent on year. The value of Construction Orders Received at current prices surged 60.2 percent on year.

The Composite Coincident Index in June added 0.5 percent on month. The Cyclical Component of Composite Coincident Index, which reflects current economic situations, added 0.2 points from the previous month.

The Composite Leading Index in June increased by 0.6 percent from the previous month. The Cyclical Component of Composite Leading Index, which predicts the turning point in business cycle, increased by 0.4 points from the previous month.

Also on Friday, Statistics Korea said that retail sales were up a seasonally adjusted 3.4 percent on month in June - roughly in line with expectations and down from the 4.6 percent growth in May.

On a yearly basis, retail sales climbed 6.3 percent, which exceeded forecasts for 5 percent and was up from 1.7 percent in the previous month.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2020 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


U.S. Producer Prices Climb 0.6% In July, Much More Than Expected (06 hr(s), 0 min(s),41 sec(s) ago)
(RTTNews) - Partly reflecting a notable increase in prices for services, the Labor Department rele ...Full Story»

India Industrial Production Falls For Fourth Month (06 hr(s), 21 min(s), 41 sec(s) ago)
(RTTNews) - India's industrial production fell for a fourth consecutive month in June, albeit ...Full Story»

U.S. Producer Prices Climb More Than Expected In July (06 hr(s), 40 min(s), 41 sec(s) ago)
(RTTNews) - Partly reflecting a notable increase in prices for services, the Labor Department rele ...Full Story»

China's Bank Lending Declines In July (06 hr(s), 56 min(s), 41 sec(s) ago)
(RTTNews) - China's bank lending declined more-than-expected in July, data from the People' ...Full Story»

German ZEW Economic Confidence Strengthens Unexpectedly (08 hr(s), 05 min(s), 41 sec(s) ago)
(RTTNews) - Germany's economic confidence improved unexpectedly in August on hopes of a speedy ...Full Story»

South Africa Manufacturing Output Decline Slows In June (08 hr(s), 06 min(s), 41 sec(s) ago)
(RTTNews) - South Africa's manufacturing output declined at a softer pace in June as the Covid ...Full Story»

Japan Eco Watchers Current Conditions Improves; Outlook Falls (08 hr(s), 20 min(s), 41 sec(s) ago)
(RTTNews) - A measure of the public assessment of the Japanese economy rose for the third month in ...Full Story»

Latvia Trade Deficit Narrows In June (08 hr(s), 22 min(s), 41 sec(s) ago)
(RTTNews) - Latvia's trade deficit narrowed in June amid a fall in both the exports and import ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

U.S. Producer Prices Climb 0.6% In July, Much More Than Expected

08/11/2020 - 09:17 AM (RTTNews)
(RTTNews) - Partly reflecting a notable increase in prices for services, the Labor Department rele ...Full Story>>

India Industrial Production Falls For Fourth Month

08/11/2020 - 08:56 AM (RTTNews)
(RTTNews) - India's industrial production fell for a fourth consecutive month in June, albeit ...Full Story>>

U.S. Producer Prices Climb More Than Expected In July

08/11/2020 - 08:37 AM (RTTNews)
(RTTNews) - Partly reflecting a notable increase in prices for services, the Labor Department rele ...Full Story>>

China's Bank Lending Declines In July

08/11/2020 - 08:21 AM (RTTNews)
(RTTNews) - China's bank lending declined more-than-expected in July, data from the People' ...Full Story>>

German ZEW Economic Confidence Strengthens Unexpectedly

08/11/2020 - 07:12 AM (RTTNews)
(RTTNews) - Germany's economic confidence improved unexpectedly in August on hopes of a speedy ...Full Story>>

Do not sell my personal information

Copyright © 2020. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.