industrial output in south korea reduces
Last Updated : GMT 18:08:33
Arab Today, arab today
Arab Today, arab today

Industrial output in south Korea reduces

Arab Today, arab today

Arab Today, arab today Industrial output in south Korea reduces

Seoul - XINHUA

Industrial output in South Korea reduced due to weak exports caused by cold weather in the United States, a government report showed Friday. Production in all industries, including manufacturing, service, construction and public administration sectors, shed 1.2 percent on month in February after growing 1.1 percent in the prior month, according to Statistics Korea. Output in the mining and manufacturing industries decreased 1.8 percent in February from a month earlier, falling for two straight months. It was the first time since March last year that the production slid for the second straight month. Production in the construction industry shrank 3.6 percent on month in February, with those in the service and public administration sectors sliding 0.4 percent and 1.6 percent respectively. The Finance Ministry said in a statement that industrial activity in February was lackluster due to sluggish exports stemming from cold weather in the U.S., South Korea's major trading partner, and faltering domestic consumption. Exports, which account for around half of the economy, increased 1.6 percent in February from a year ago. It was a rebound from a 0.2 percent fall in January, but the rebound was slight given the rise in working days due to the move of the Lunar New Year's holiday to January this year from February last year. The ministry, however, noted that the country's industrial activities kept its recovery trend for the first two months of this year compared with the fourth quarter of last year, saying the March figure would rebound given launches of new cars and mobile phones as well as the expected expansion in exports. The cyclical component of leading economic indicators declined 0.1 point on month to 101.5 in February, and the figure for coincident economic indicators slid 0.1 point to 100.6 last month. Production among carmakers tumbled 7.2 percent, but those in the electric equipment expanded 5.8 percent last month. Output in the chips and parts industry plunged 4.9 percent, but those in the clothing sector jumped 14.9 percent. Manufacturers operated at an average capacity of 76.2 percent in February, down 2.1 percentage points from the prior month. Shipments in the manufacturing industry retreated 0.8 percent on month in February, but inventories advanced 0.6 percent last month. The ratio of inventory to shipment rose 1.8 percentage points to 120.5 percent last month. The service industry output fell 0.4 percent on month in February after expanding 0.7 percent in the prior month. Activities in the real estate sector climbed 3.1 percent, but those for wholesale & retail sector and lodging & restaurant industry declined 1.2 percent and 4.7 percent respectively. Retail sales dropped 3.2 percent due to weaker demand for non- durable goods after growing 2.2 percent in the previous month. Facility investment decreased 0.3 percent last month, but it was a slower contraction compared with January when the capital spending tumbled 4.7 percent. Investment in the transport equipment sector sank 9 percent, but those in the machinery industry rebounded 3.1 percent. Machinery orders increased 7 percent in February from a month earlier after rising 3.9 percent a month earlier. The value of construction completed at a constant price declined 3.6 percent last month, but construction orders received at a current price jumped 10 percent after increasing 4.2 percent the prior month.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

industrial output in south korea reduces industrial output in south korea reduces

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

industrial output in south korea reduces industrial output in south korea reduces

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Air China suspends flights to North Korea

GMT 10:39 2017 Thursday ,23 November

Air China suspends flights to North Korea
Arab Today, arab today Sophian Yussef reveals suitable decoration

GMT 02:56 2017 Thursday ,23 November

Sophian Yussef reveals suitable decoration
Arab Today, arab today Syria opposition meets in Riyadh

GMT 06:23 2017 Thursday ,23 November

Syria opposition meets in Riyadh
Arab Today, arab today Jordanian journalist happy of her career

GMT 17:37 2017 Thursday ,23 November

Jordanian journalist happy of her career
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today Srebrenica women cry tears of joy

GMT 08:03 2017 Thursday ,23 November

Srebrenica women cry tears of joy
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today 'Robo-taxis' hold promise, and perils

GMT 08:07 2017 Thursday ,23 November

'Robo-taxis' hold promise, and perils
Arab Today, arab today Honda recalls 800,000 minivans

GMT 11:43 2017 Wednesday ,22 November

Honda recalls 800,000 minivans
Arab Today, arab today Abeer Sabry reveals reason of “The Flood” success

GMT 08:03 2017 Tuesday ,21 November

Abeer Sabry reveals reason of “The Flood” success
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 07:56 2017 Monday ,20 November

Singer Jahda Wahba has unlimited ambitions

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts

GMT 10:43 2017 Wednesday ,22 November

Cigar-shaped asteroid came

GMT 09:45 2017 Tuesday ,21 November

Visit Jamaica for more than just sun

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday