Korea’s 3 major indicators of industrial activity all fell in October

Korea’s 3 major indicators of industrial activity all fell in October


for the first time in eight months the
three major indicators of industrial activity in South Korea have all dropped
but future economic indicators were positive our homeo has more industrial
output across all sectors went down 0.4 percent in October compared to the
previous month statistics Korea says this was merely due to poor performance
in the mining and manufacturing industries which saw a 1.7 percent
decrease compared to September despite a better performance by the semiconductor
sector car production saw an unmonitored component production fell by 7.0 percent
in October compared to September statistics Korea
said that the decline in electronic component production was due to a global
oversupply of display panels retail sales also decreased by 0.5 percent the
second month in a row d fallen the agency said this was mainly due to less
winter clothes purchases because of the warm weather facility investment showed
a decrease of 0.8% putting an end to the four-month long
upward trend and the coincident index which measures the current economic
conditions in the business cycle also went down slightly
however the leading economic index which shows future business conditions went up
for the second straight month it’s the first time in 28 months that the leading
economic index has seen a consecutive increase statistics Korea said the
future economy prospects are a positive sign but it is too early to be
optimistic due to the stagnant current economic
conditions Arirang news

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