Industrial Output Flat in July; Retail Sales Down, Facility Investment Up
10 Articles
10 Articles
Production flat, consumption down 2.4%... Equipment investment up 7.5%. Service sector production sees largest decline in 4 years and 5 months... "Decreased stock trading volume, heatwave, high inflation." Reporters Kim Soo-hyun, Ahn Chae-won, and Song Jeong-eun = Industrial production and consumption slowed in July. Due to the base effect from the previous month and
According to the July industrial activity trends released by the National Data Bureau, the all-industry production index remained flat at 120.2. Retail sales decreased by 2.4%, while equipment investment increased by 7.5%. The cyclical fluctuations of the leading and coincident economic indicators rose by 0.4 points and 0.8 points, respectively, suggesting a change in the economic phase.
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Industrial output flat in July in S. Korea, retail sales down
Seoul, Aug 31 (SocialNews.XYZ) South Korea's industrial output remained flat in July from a month earlier due to a base effect and a strike in the automobile industry, data showed on Monday, while retail sales... The post Industrial output flat in July in S. Korea, retail sales down appeared first on Social News XYZ.
While industrial production remained at the same level as the previous month, consumption declined and capital investment increased sharply. According to the "July Industrial Activity Trends" released by the National Data Bureau on the 31st, the all-industry production index for last month stood at 120.2 on a seasonally adjusted basis, remaining unchanged from the previous month. After declining for two consecutive months in April (-0.5%) and M…
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