Industrial production in South Korea tumbled 1.4 percent on month in October, Statistics Korea said on Monday.
That follows the upwardly revised 2.2 percent increase in September (originally 1.9 percent).
On a yearly basis, industrial production added 1.5 percent on year. That was shy of expectations for an increase of 2.2 percent and down from the upwardly revised 2.8 percent in the previous month (originally 2.4 percent).
The index of all industry production fell 1.3 percent on month and gained 2.4 percent on year.
The manufacturing production index in October shed 1.2 percent on month and added 1.9 percent on year.
The Producer’s Shipment Index slipped 1.4 percent on month and gained 2.9 percent on year. The Producer’s Inventory Index lost 2.1 on month and climbed 5.4 percent on year. The Production Capacity Index was flat on month and advanced 0.8 percent from on year.
The Index of Capacity Utilization Rate in October shed 1.9 percent on month and 0.8 percent on year. The Manufacturing Average Capacity Utilization Rate was 73.8 percent, down 1.4 percentage points from the previous month. The Index of Services gained 0.2 percent on month and 3.1 percent on year.
The Retail Sales Index advanced 3.1 percent on month and 8.3 percent on year. The Equipment Investment Index in October slipped 0.8 percent on month but jumped 12.4 percent on year.
The Domestic Machinery Shipment Index in October dipped 3.7 percent from on year. The value of domestic machinery orders received gained 6.0 percent on year.
The value of construction completed at constant prices dropped 7.8 percent on month but climbed 3.9 percent on year. The value of construction orders received at current prices added 27.5 percent from on year.
The Composite Coincident Index in October added 0.7 percent on month. The Cyclical Component of Composite Coincident Index, which reflects current economic situations, gained 0.3 points from the previous month.
The Composite Leading Index advanced 0.7 percent on month. The Cyclical Component of Composite Leading Index, which predicts the turning point in business cycle, gained 0.2 points on month.
Also on Monday, the bureau said that retail sales in South Korea gained 3.1 percent on month in October following the upwardly revised 0.7 percent gain in September (originally 0.5 percent).
On a yearly basis, retail sales spiked 8.3 percent after gaining an upwardly revised 5.6 percent increase a month earlier (originally 5.5 percent).
The material has been provided by InstaForex Company – www.instaforex.com