Industrial production in South Korea advanced a seasonally adjusted 2.6 percent on month in July, Statistics Korea said on Friday - following the 0.1 percent increase in June.
On a yearly basis, industrial production added 0.6 percent following the 2.6 percent drop in the previous month.
The Index of all industry production in July increased by 1.2 percent from the previous month and 0.5 percent on year.
The Manufacturing Production Index in July increased 2.6 percent on month and 0.8 percent on year. The Manufacturing Shipment Index gained 1.7 percent on month and 1.0 percent on year. The Manufacturing Inventory Index rose 1.3 percent on month and 8.0 percent on year.
The Production Capacity Index added 0.1 percent on month but fell 1.6 percent on year. The Index of Capacity Utilization Rate gained 3.6 percent on month and 2.9 percent on year. The Manufacturing Average Capacity Utilization Rate in July was 74.8 percent, up 2.6 percentage points from the previous month.
The Index of Services rose 1.0 percent on month and 1.3 percent on year. The Retail Sales Index fell 0.9 percent on month and 0.3 percent on year.
The Equipment Investment Index rose 2.1 percent on month but shed 4.7 percent on year. The Domestic Machinery Shipment Index tumbled 12.1 percent on year. The value of Domestic Machinery Orders Received added 2.5 percent on year.
In July, the value of Construction Completed at constant prices lost 2.3 percent on month and 6.2 percent on year. The value of Construction Orders Received at current prices plummeted an annual 23.3 percent.
The Composite Coincident Index added 0.1 percent on month. The Cyclical Component of Composite Coincident Index, which reflects current economic situations, eased 0.1 points from the previous month.
The Composite Leading Index in July showed no change from the previous month. The Cyclical Component of Composite Leading Index, which predicts the turning point in business cycle, fell 0.3 points from the previous month.
The material has been provided by InstaForex Company - www.instaforex.com
source http://www.mt5.com/forex_news/quickview/2142282/
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