(Sejong = Yonhap Infomax) Choi Wook = Mining and industrial production increased in 5 months.
Looking at the “Industrial Activity Trends for November” announced by the National Bureau of Statistics on the 29th, mining and manufacturing output last month increased by 0.4% from the previous month.
Mining and industrial production rose 1.8% in June, continued to decline for a fourth month since July, then increased in five months.
This result exceeded market expectations.
Following a recent survey conducted by Yonhap Infomax of five domestic and foreign financial institutions, it was estimated that mining and industrial output would decline by an average of 0.62%.
“Service industry output and retail sales are showing a downward trend, and it is difficult to see mining and industrial output as buoyant,” said Eo Woon-seon, director of economic trends and statistics at the National Statistics Office.
Production in the services sector decreased by 0.6%.
All industrial production, including mining and services production, increased by 0.1%. All industrial production also increased in 5 months.
Retail sales, which show the trend in consumption, decreased by 1.8%.
Plant investment and construction completion increased by 1.0% and 1.4%, respectively.
The cyclical component of the coincident index, which indicates the current economy, fell by 0.7 points.
The cyclical component of the main index, which predicts the future of the economy, also decreased by 0.2 points.
wchoi@yna.co.kr
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This article was published at 08:00, 2 hours earlier, on the Infomax financial information terminal.
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