Korea's 3 major indicators of industrial activity all increased in August
- 5 years ago
For the first time in five months, the three major indicators of industrial activity in South Korea all went up.
Statistics Korea says industrial output across all sectors edged up half-a-percent in August compared to the previous month, mostly on the back of increased output in the service sector.
Retail sales jumped three-point-nine percent, the biggest increase since January 2011, mainly driven by automobile purchases and Chuseok gifts.
Facility investment rose one-point-nine percent, continuing its upward trend for the third month in a row.
The coincident index, which measures the current economic conditions in the business cycle, also rose for the first time in three months.
However, the leading economic index, which shows future business conditions, fell for the fourth straight month.
Statistics Korea says industrial output across all sectors edged up half-a-percent in August compared to the previous month, mostly on the back of increased output in the service sector.
Retail sales jumped three-point-nine percent, the biggest increase since January 2011, mainly driven by automobile purchases and Chuseok gifts.
Facility investment rose one-point-nine percent, continuing its upward trend for the third month in a row.
The coincident index, which measures the current economic conditions in the business cycle, also rose for the first time in three months.
However, the leading economic index, which shows future business conditions, fell for the fourth straight month.