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Financial News: South Korea Industrial Output Falls 0.5% In November

South Korea Industrial Output Falls 0.5% In November

12/29/2019 - 19:45:00 (RTTNews)

(RTTNews) - Industrial production in South Korea declined a seasonally adjusted 0.5 percent on month in November, Statistics Korea said on Monday. That follows the 1.7 percent drop in October.

On a yearly basis, industrial production dipped 0.3 percent after dropping 2.5 percent in the previous month.

The Index of all industry production added 0.4 percent on month and 1.2 percent on year in November.

The Manufacturing Production Index fell 0.6 percent on month and 0.1 percent on year in November, while the Manufacturing Shipment Index lost 1.6 percent on month and 1.9 percent on year. The Manufacturing Inventory Index in November sank 0.9 percent on month but added 2.9 percent on year.

The Production Capacity Index in November climbed 1.4 percent on month but fell 0.9 percent on year.

The Index of Capacity Utilization Rate in fell 1.9 percent on month and 1.5 percent on year last month. The Manufacturing Average Capacity Utilization Rate was 71.8 percent, down 1.5 percentage points on month. The Index of Services in November climbed 1.4 percent on month and 2.5 percent on year.

The Retail Sales Index in November rose 3.0 percent on month and 3.7 percent on year. The Equipment Investment Index gained 1.1 percent on month and was flat on year.

The Domestic Machinery Shipment Index in November fell 4.2 percent on year. The value of Domestic Machinery Orders Received in November surged an annual 23.6 percent.

The value of Construction Completed at constant prices dropped 1.8 percent on month and 4.7 percent on year. The value of Construction Orders Received at current prices jumped 11.5 percent on year.

The Composite Coincident Index in November rose 0.1 percent on month. The Cyclical Component of Composite Coincident Index, which reflects current economic situations, eased 0.1 points on month.

The Composite Leading Index in November gained 0.7 percent on month. The Cyclical Component of Composite Leading Index, which predicts the turning point in business cycle, was up 0.4 points on month.

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