South Korea's industrial output falls 1.3% m/m in September
  • 5 years ago
South Korea's overall industrial output inched down last month,... on the back of falling auto production.
But by contrast, equipment investment climbed,... after falling for the sixth consecutive month in August.
Our Ko Roon-hee reports.
Statistics Korea said Wednesday that South Korea's industrial output in September decreased one-point-three percent from the previous month.
This is the sharpest on-month decline since March 2013.
The agency said reduced production in the mining and manufacturing industries caused the decline.
Auto production in particular fell by almost 5-percent... due to lower domestic demand.
A decrease in electronic parts production was another major factor...which was caused by lower export demand for locally-made display panels.

Retail sales also decreased by 2-point-2 percent on month...following a zero-point-1 percent gain in August.

In contrast, equipment investment rebounded in September, gaining nearly 3-percent... after falling for the sixth consecutive month in August.
The rebound was mainly due to increased investment in semiconductor manufacturing equipment.
However, it decreased by almost 20-percent on-year...meaning investment for this year is looking grim.

Statistics Korea added the indices showing current economic conditions and future outlook fell zero-point-three points and zero-point two points respectively in September, compared to the previous month.
Ko Roon-hee, Arirang News.
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