Industrial output increased 4.5% y/y in Jan.
- 6 years ago
South Korea's industrial output recovered in the month of January on a pick-up in production in the auto and semiconductor sectors,... traditionally the key drivers of the nation's growth.
Kim Ji-yeon gives us the details.
Industrial output of overall industries in Korea increased four-and-a-half percent in January compared to the same period last year.
Statistics Korea says output jumped one-point-two-percent from the previous month,... the steepest rate of increase in ten months.
It attributes the spike to increased production in the auto sector, which grew more than twelve percent on-month... thanks to releases of new models and a base effect stemming from sluggish auto exports to the U.S. and the Middle East.
A rebound in the auto and semiconductor sectors helped boost output in the mining and manufacturing sectors... which grew one-percent from the previous month in January... the first on-month increase in three months.
Retail sales also spiked one-point-seven percent from the previous month on increased output of automobiles and durable goods.
A rebound in the auto sector also helped to boost facility investment which rose by more than six-percent from the previous month... the fastest rate of increase in ten months.
Production in the services sector also jumped zero-point-eight-percent compared to the previous month,... mainly due to increased output in science and technology.
However, output in the food and lodging sectors dropped zero-point-eight percent from the previous month... declining for the fourth straight month in January.
Kim Ji-yeon, Arirang News.
Kim Ji-yeon gives us the details.
Industrial output of overall industries in Korea increased four-and-a-half percent in January compared to the same period last year.
Statistics Korea says output jumped one-point-two-percent from the previous month,... the steepest rate of increase in ten months.
It attributes the spike to increased production in the auto sector, which grew more than twelve percent on-month... thanks to releases of new models and a base effect stemming from sluggish auto exports to the U.S. and the Middle East.
A rebound in the auto and semiconductor sectors helped boost output in the mining and manufacturing sectors... which grew one-percent from the previous month in January... the first on-month increase in three months.
Retail sales also spiked one-point-seven percent from the previous month on increased output of automobiles and durable goods.
A rebound in the auto sector also helped to boost facility investment which rose by more than six-percent from the previous month... the fastest rate of increase in ten months.
Production in the services sector also jumped zero-point-eight-percent compared to the previous month,... mainly due to increased output in science and technology.
However, output in the food and lodging sectors dropped zero-point-eight percent from the previous month... declining for the fourth straight month in January.
Kim Ji-yeon, Arirang News.