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Financial News: South Korea Industrial Production Rises 2.0% In September

South Korea Industrial Production Rises 2.0% In September

10/30/2019 - 19:55:00 (RTTNews)

(RTTNews) - Industrial production in South Korea was up a seasonally adjusted 2.0 percent on month in September, Statistics Korea said on Thursday - following the 1.8 percent drop in August.

On a yearly basis, industrial output added 0.4 percent following the 3.3 percent drop in the previous month.

The index of all industry production fell 0.4 percent on month but rose 0.5 percent on year in September.

On a quarterly basis, industrial production was up 1.9 percent on quarter and down 0.8 percent on year in Q3.

The Manufacturing Production Index added 2.1 percent om month and 0.2 percent on year. The Manufacturing Shipment Index gained 0.5 percent on month but fell 1.2 percent on year. The Manufacturing Inventory Index rose 1.2 percent on month and 8.4 percent on year.

The Production Capacity Index was flat month but fell 2.2 percent on year. The Index of Capacity Utilization Rate climbed 2.9 percent on month and 2.5 percent on year.

The Manufacturing Average Capacity Utilization Rate was 75.6 percent, up 2.2 percentage points from the previous month. The Index of Services in September fell 1.2 percent on month but gained 1.0 percent on year.

The Retail Sales Index shed 2.2 percent on month but jumped 3.3 percent on year. The Equipment Investment Index climbed 2.9 percent on month but dropped 1.6 percent on year.

The Domestic Machinery Shipment Index lost 2.6 percent on year. The value of Domestic Machinery Orders Received jumped 4.6 percent on year. The value of Construction Completed at constant prices lost 2.7 percent on month and 7.4 percent on year. The value of Construction Orders Received at current prices surged an annual 24.7 percent.

The Composite Coincident Index in September increased 0.3 percent on month. The Cyclical Component of Composite Coincident Index, which reflects current economic situations, was flat on month.

The Composite Leading Index in September added 0.4 percent on month. The Cyclical Component of Composite Leading Index, which predicts the turning point in business cycle, gained 0.1 points from the previous month.

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