2023-12-27 23:00:06
Exports increase for two consecutive months (Busan = Yonhap News) Reporter Son Hyeong-joo = On the followingnoon of the 1st, the Sinseondae Pier in Nam-gu, Busan looks busy. According to the November export and import trends announced by the Ministry of Trade, Industry and Energy on this day, exports amounted to $55.8 billion, a 7.8% increase from the same month last year. 2023.12.1 [email protected]
(Sejong = Yonhap Infomax) Reporter Choi Wook = Mining and industrial production increased by more than 3% from a month ago, greatly exceeding market expectations.
According to the ‘November Industrial Activity Trends’ published by Statistics Korea on the 28th, mining and industrial production last month increased by 3.3% compared to the previous month.
It has turned to positive (+) in two months since last September (1.8%).
This is also a level that greatly exceeds market expectations.
According to a recent survey by Yonhap Infomax of seven domestic and foreign financial institutions, they predicted that mining and industrial production would increase by 0.56%.
Manufacturing production, which accounts for most of mining and industrial production, increased by 3.3%.
By industry, there was a significant increase in semiconductors (12.8%), mechanical equipment (8.0%), and communications and broadcasting equipment (14.8%).
Manufacturing shipments also increased by 5.2%, driven by increases in semiconductors (30.2%) and mechanical equipment (7.8%).
Manufacturing inventory decreased by 2.4%.
The inventory ratio, which refers to the manufacturing industry’s ‘inventory/shipment’ ratio, fell by 8.9 percentage points (p) to 114.3%.
Service industry production decreased by 0.1% due to sluggish performance in finance/insurance (-0.7%) and transportation/warehousing (-1.4%).
All industrial production, including mining production and service industry production, increased by 0.5%.
Retail sales increased 1.0% due to increased sales of durable goods (2.6%) such as passenger cars and home appliances.
Facility investment and construction capacity decreased by 2.6% and 4.1%, respectively.
The cyclical volatility value of the coincident index, which shows the current economic situation, fell 0.1 point. It has been falling for six consecutive months since last June.
The cyclical volatility of the leading index, which predicts future economic conditions, rose 0.2 points and continued its upward trend for three months.
Kim Bo-kyung, economic trend statistics reviewer at the National Statistical Office, said, “Recently, manufacturing production, especially semiconductors, is showing signs of recovery, but other sectors such as consumption and facility investment are not recovering at the same speed.” He added, “As retail sales and imports, etc. are reflected, the coincident index cyclical fluctuations increase. “has fallen,” he explained.
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This article was published on the Infomax financial information terminal at 08:00, two hours earlier.
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