Industrial production in South Korea climbed 1.9 percent on month in September, Statistics Korea said on Friday.
That beat forecasts for a decline of 0.3 percent following the downwardly revised 0.2 percent gain in August (originally 0.4 percent).
On a yearly basis, industrial production spiked 2.4 percent – also topping expectations for a gain of 0.3 percent following the downwardly revised 0.1 percent increase in the previous month (originally 0.3 percent).
The index of all industry production advanced 2.4 percent on month and 4.4 percent on year.
The manufacturing production index in September added 1.9 percent on month and 2.5 percent on year.
The Producer’s Shipment Index added 2.8 percent on month and 3.5 percent on year. The Producer’s Inventory Index gained 1.6 on month and 7.5 percent on year. The Production Capacity Index added 0.4 percent on month and 0.9 percent from on year.
The Index of Capacity Utilization Rate in September gained 1.3 percent on month but fell 0.3 percent on year. The Manufacturing Average Capacity Utilization Rate was 75.1 percent, up 1.0 percentage points from the previous month. The Index of Services gained 1.2 percent on month and 3.7 percent on year.
The Retail Sales Index advanced 0.5 percent on month and 5.5 percent on year. The Equipment Investment Index in September gained 4.1 percent on month and 7.1 percent on year.
The Domestic Machinery Shipment Index in September dipped 4.2 percent from on year. The value of domestic machinery orders received gained 2.4 percent on year.
The value of construction completed at constant prices gained 4.9 percent on month and 13.4 percent on year. The value of construction orders received at current prices surged 121.8 percent from on year.
The Composite Coincident Index in September added 1.0 percent on month. The Cyclical Component of Composite Coincident Index, which reflects current economic situations, gained 0.7 points from the previous month.
The Composite Leading Index advanced 1.0 percent on month. The Cyclical Component of Composite Leading Index, which predicts the turning point in business cycle, gained 0.5 points on month.
Also on Friday, the bureau said that retail sales in South Korea gained 0.5 percent on month in September following the upwardly revised 2.1 percent gain in August (originally 1.9 percent).
On a yearly basis, retail sales spiked 5.5 percent after gaining an upwardly revised 2.0 percent increase a month earlier (originally 1.8 percent).
The material has been provided by InstaForex Company – www.instaforex.com