Arab Today, arab today south koreas industrial output rises on consumption recovery
Last Updated : GMT 07:53:25
Arab Today, arab today
Arab Today, arab today

South Korea's industrial output rises on consumption recovery

Arab Today, arab today

Arab Today, arab today South Korea's industrial output rises on consumption recovery

Samsung and LG smartphones
Seoul - XINHUA

South Korea's industrial production rose for two straight months on the back of recovery in private consumption, a government report showed on Friday.

Production in overall industries gained 0.6 percent in March from a month earlier after growing 0.6 percent in February, according to Statistics Korea.

The continued growth came as private consumption recovered in the wake of strong demand for newly released smartphones, including Samsung's Galaxy S7 and LG's G5, and consumption tax cuts that led to brisk sales of automobiles.

Retail sales expanded 4.2 percent in March on a monthly basis, marking the highest monthly increase since February 2009.

Car sales jumped 18.2 percent in March, after climbing 9.3 percent in February. Sales of non-durable goods such as food and beverage rose 1.2 percent last month, with those for semi-durables like clothing increasing 3.3 percent.

Confidence among consumers improved. The composite consumer sentiment index (CCSI) rose for two straight months in April at 101, indicating that optimists outnumbered pessimists, according to the Bank of Korea (BOK) data.

Facility investment rebounded for the first time in three months. Capital spending jumped 5.1 percent in March, the fastest monthly growth in 16 months. Investment in general machinery and transport equipment gained 3.3 percent and 10.7 percent each, leading the March rebound.

Machinery orders, a leading indicator for facility investment, grew 6.4 percent in March from the previous month.

Construction investment posted a growth last month on increased social overhead capital (SOC) investment, and construction completed expanded 7.3 percent on strong demand for civil engineering works. But, construction orders reduced 7.3 percent on a yearly basis.

Despite the rise in overall industrial production helped by consumption recovery, production in the mining and manufacturing sectors dipped 2.2 percent in March from a month ago.

Production in semiconductors and processed metal products tumbled 21.3 percent and 6.7 percent each, turning downward from a sharp gain in the previous month.

Auto production increased 4.8 percent, and output of communications and broadcasting equipments jumped 22.4 percent in March.

Manufacturers posted an average capacity ratio of 73.2 percent in March, down 0.3 percentage points from the previous month.

Inventory ratio shed 2.1 percentage points from a month earlier to 125.8 percent in March as shipments grew at a faster pace than production, reducing inventories.

Production among services firms rose 0.8 percent. Output in the whole and retail industry increased 3.1 percent, and those in the science and technology sector advanced 6.9 percent.

The cyclical factor of leading indicators, which reflects an economic outlook, was unchanged in March from a month earlier. But, the figure for coincident indicators inched down 0.1 point, keeping a downward trend for three straight months.

For the first three months of this year, overall industrial production rose 0.6 percent from the previous three-month period.

Production in the mining and manufacturing industries reduced 0.8 percent in the first quarter from the prior quarter, with those in the services industry edging down 0.1 percent.

Retail sales shrank 1.1 percent in the first quarter, and facility investment tumbled 8.8 percent on a quarterly basis.

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*

Arab Today, arab today south koreas industrial output rises on consumption recovery Arab Today, arab today south koreas industrial output rises on consumption recovery

 



Arab Today, arab today
Arab Today, arab today Fadi Kataya explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Messi visit will contribute in tourism

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Zainab al-Maliki reveals herTV presenter models

GMT 18:12 2017 Friday ,24 February

Zainab al-Maliki reveals herTV presenter models

GMT 05:20 2017 Thursday ,23 February

WTO ratifies first multilateral trade deal

GMT 21:36 2017 Wednesday ,22 February

Opec needs to prolong cuts to eliminate surplus

GMT 16:32 2017 Wednesday ,22 February

US Treasury chief tells IMF to monitor currencies

GMT 16:08 2017 Wednesday ,22 February

Qatari banks merger to rebalance financial sector

GMT 05:57 2017 Wednesday ,22 February

Britain risks clash with EU over RBS bailout

GMT 05:26 2017 Wednesday ,22 February

Singapore carbon tax would hit refiners, help renewables
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Actress Lobna Abdel Aziz proud of her career

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
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