Korea February Industrial Production Climbs 2.6%
31 March 2015 - 11:15AM
RTTF1
Industrial output in South Korea advanced a seasonally adjusted
2.6 percent on year in February, Statistics Korea said on
Tuesday.
That topped expectations for a gain of 0.8 percent following the
downwardly revised 3.8 percent decline in January.
On a yearly basis, industrial production tumbled 4.7 percent -
missing forecasts for a decline of 2.5 percent following the
downwardly revised 1.7 percent gain in the previous month.
The index of all industry production was up 2.5 percent on month
and 0.8 percent on year.
The manufacturing production index in February added 2.8 percent
on month but tumbled 4.8 percent on year.
The Producer's Shipment Index added 0.8 percent on month but
lost 4.6 percent on year. The Producer's Inventory Index climbed
2.6 on month and 2.9 percent on year. The Production Capacity Index
in eased 0.2 percent on month but gained 1.3 percent from on
year.
The Index of Capacity Utilization Rate jumped 1.8 percent on
month but dropped 6.9 percent on year. The Manufacturing Average
Capacity Utilization Rate was 75.5 percent, up 1.4 percentage
points from the previous month. The Index of Services climbed 1.6
percent on month and 2.9 percent on year.
The Retail Sales Index gained 2.8 percent on month and 5.5
percent on year. The Equipment Investment Index in February
increased 3.6 percent on month and 3.6 percent on year.
The Domestic Machinery Shipment Index in February lost 2.2
percent from on year. The value of Domestic Machinery Orders
Received collected 1.4 percent on year.
The value of construction completed at constant prices increased
4.5 percent on month and 0.2 percent on year. The value of
construction orders received at current prices fell 4.0 percent
from on year.
The Composite Coincident Index in February added 0.7 percents on
month. The Cyclical Component of Composite Coincident Index, which
reflects current economic situations, gained 0.3 points from the
previous month.
The Composite Leading Index advanced 1.0 percent on month. The
Cyclical Component of Composite Leading Index, which predicts the
turning point in business cycle, added 0.6 points on month.
Also on Tuesday, the bureau said that retail sales in South
Korea were up a seasonally adjusted 2.8 percent on month in
February.
That beat forecasts for an increase of 1.6 percent following the
downwardly revised 2.8 percent contraction in January.
On a yearly basis, retail sales surged 5.5 percent - also
topping expectations for an increase of 4.9 percent following the
downwardly revised 2.9 percent decline in the previous month.