World

S. Korea's industrial output rises for 2nd month in June

SEOUL
2023-07-28 09:18

Already collect



SEOUL, July 28 (Xinhua) -- South Korea's industrial output rose for the second consecutive month amid the increase in both consumption and investment, statistical office data showed Friday.

The seasonally-adjusted production index in all industries, which exclude the agriculture, livestock and fishery sector, added 0.1 percent in June from a month ago after growing 1.1 percent in the previous month, according to Statistics Korea.

Production in the mining and manufacturing industry retreated 1.0 percent in June on a monthly basis after gaining 3.0 percent in the previous month.

Output in semiconductors and electronic components expanded in single digit, while production in the automotive and oil refining segments declined in double figures.

Among manufacturers, the ratio of inventory to shipment dropped 11.3 percentage points over the month to 111.4 percent in June.

Production in the services industry climbed 0.5 percent in June from a month earlier, but output in the construction industry diminished 2.5 percent.

The seasonally-adjusted retail sale index, which reflects private consumption, increased 1.0 percent in June from the previous month, keeping an upward trend for the second successive month.

Facility investment was up 0.2 percent, but completed construction slumped 2.5 percent last month.

The cyclical variation factor for leading economic indicators, which gauge the outlook for future economic situations, rose 0.3 points from a month earlier to 98.8 in June.

The reading for coincident economic indicators, which measure the current economic conditions, slipped 0.2 points to 99.7 last month.
Add comments

Latest comments

Latest News
News Most Viewed