South Korea's industrial production contracted a seasonally adjusted 1.6 percent on month in July, matching expectations following the downwardly revised 0.6 percent fall in June (originally 0.4 percent).
On a yearly basis, industrial production added 0.3 percent - slowing from the downwardly revised 1.4 percent annual expansion (originally 1.6 percent) in the previous month.
The Manufacturing Production Index dipped 1.8 percent on month but increased 0.3 percent on year.
The Producer's Shipment Index in July went down 1.8 percent on month but up 1.4 percent on year. The Producer's Inventory Index eased 0.1 percent on month but jumped 7.4 percent on year. The Production Capacity Index was up 0.1 percent on month and 3.5 percent on year.
The Operation Ratio Index was down 1.2 percent on month and 3.3 percent on year. The Index of Services added 0.7 percent on month and 1.5 percent on year. The Manufacturing Average Operation Ratio was 77.2 percent, down 0.9 percent from the previous month. The Retail Sales Index was up 3.4 percent on month and up 2.7 percent on year.
The Equipment Investment Index added 2.5 percent on month and 1.2 percent on year. The Domestic Machinery Shipment Index shed 4.1 percent on year, while the value of domestic machinery orders received dipped 6.7 percent on year.
In July, the value of construction completed at constant prices was up 6.8 percent on month and 1.0 percent on year. The value of construction orders received at current prices surged 23.8 percent on year.
The Composite Coincident Index in July increased 0.6 percent on month. The Cyclical Component of Composite Coincident Index, which reflects current economic situations, was up 0.2 points on month. The Composite Leading Index was up 0.6 percent on month.
The Cyclical Component of Composite Leading Index, which predicts the turning point in business cycle, increased by 0.2 points from the previous month.
by RTT Staff Writer
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