[ad_1]
Photo = Getty Image Bank
As the spread of the new coronavirus infection (Corona 19) continued, consumption turned negative (-) in three months and investment, which showed an uptrend last month, declined. However, national production remained at the level of the previous month.
According to the ‘Industrial Activity Trend for October’ published by the National Statistics Office on the 30th, last month’s total industrial production index (excluding seasonal adjustments and agriculture, forestry and fishing) showed a similar level to that of the previous month (0.0%).
All industrial production showed negative (-) since last January when Corona 19 occurred, and then increased for two consecutive months since last June (4.1%). After falling again in August (-0.8%), it rose again in September and held steady last month.
Mining and industrial production fell 1.2% compared to last month. Semiconductors decreased 9.5% due to the base effect of the recent increase in memory semiconductors such as DRAM, and electronic parts also decreased 2.6% due to the decrease in the production of LCD related items such as LCD displays. liquid crystal (LCD) for information and communication (IT) and LCD for TV. That is why.
Production in the service industry continued to increase for the second month in a row. After last September (0.3%), it increased 1.2% compared to the previous month. In particular, accommodation and catering increased 13.3% due to the relief of social distancing. Information and communications also increased 2.6% due to growth in the development and supply of software related to games and systems, and the telecommunications industry.
Retail sales, showing consumer trends, declined after three months. Sales of non-durable goods such as food and beverages (-5.7%) decreased due to the moderation of social distancing and the increase in outings to eat, 0.9% less than the previous month.
Investment in facilities decreased 3.3% compared to the previous month and was reduced in two months. The construction period, which shows the construction results already achieved, decreased 0.1% compared to the previous month. Construction orders (Gyeongsang) also decreased 17.3% from the previous year.
However, the cyclical fluctuation of the coincident index, which shows the current economic situation, was 98.3, 0.5 points (p) more than the previous month. The cyclical fluctuation of the leading index predicting the future economy was 101.8, 0.4p more than the previous month.
Seongsu Bae, Reporter Hankyung.com [email protected]
Ⓒ Hankyung.com prohibits unauthorized reproduction and redistribution
