In South Korea, the Index of total industrial production in August climbed by 4.5 percent compared to the same month last year

October 10, 2022

1. Production Trend in South Korea

□ The Index of all industry production in August decreased by 0.3 percent from the previous month.

□ The Index of all industry production in August increased by 4.5 percent from the same period of the previous year.

□ The Manufacturing Production Index in August decreased by 1.6 percent from the previous month but increased by 0.8 percent from the same period of the previous year.

□ The Manufacturing Shipment Index in August showed no change from the previous month but increased by 1.1 percent from the same period of the previous year.

□ The Manufacturing Inventory Index in August decreased by 0.4 percent from the previous month but increased by 12.3 percent from the same period of the previous year.

□ The Production Capacity Index in August decreased by 0.5 percent from the previous month and 0.7 percent from the same period of the previous year.

□ The Index of Capacity Utilization Rate in August showed no change from the previous month but increased by 1.3 percent from the same period of the previous year.

□ The Manufacturing Average Capacity Utilization Rate in August marked 75.2 percent, which showed no change from the previous month.

□ The Index of Services in August increased by 1.5 percent from the previous month and 7.1 percent from the same period of the previous year.

2. Consumption Trend

□ The Retail Sales Index in August increased by 4.3 percent from the previous month and 2.3 percent from the same period of the previous year.

3. Investment Trend

□ The Equipment Investment Index in August increased by 8.8 percent from the previous month and 11.8 percent from the same period of the previous year.

□ The Domestic Machinery Shipment Index in August increased by 1.7 percent from the same period of the previous year.

□ The value of Domestic Machinery Orders Received in August increased by 22.7 percent from the same period of the previous year.

□ In August, the value of Construction Completed at constant prices increased by 5.0 percent from the previous month and 7.5 percent from the same period of the previous year.

□ In August, the value of Construction Orders Received at current prices decreased by 4.2 percent from the same period of the previous year.

4. Composite Economic Indexes

□ The Composite Coincident Index in August increased by 0.7 percent from the previous month.

·The Cyclical Component of Composite Coincident Index, which reflects current economic situations, increased by 0.5 points from the previous month.

□ The Composite Leading Index in August increased by 0.1 percent from the previous month.

·The Cyclical Component of Composite Leading Index, which predicts the turning point in business cycle, decreased by 0.2 points from the previous month.

Source: Statistics Korea
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