[1보] August industrial production 0.9% ↓, decreased in 3 months … Consumption is 3.0% ↑



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[사진출처 = 연합뉴스]

picture explanation[사진출처 = 연합뉴스]

Industrial production declined in three months as Corona 19 proliferated again.

According to the ‘Industrial Activity Trend for August’ published by the National Statistics Office on the 29th, industrial production (excluding seasonal adjustments and agriculture, forestry and fishing) last month decreased by 0.9% with compared to the previous month.

All industrial production decreased in May (-1.2%), then increased in June (4.1%) and July (0.1%), but decreased again last month.

Production in the mining industry fell 0.7% and production in the service industry also fell 1.0%. Among the mining and manufacturing industries, food (-7.3%) and automobiles (-4.1%) decreased 1.0% compared to the previous month.

The production of the service industry decreased for the first time since March due to the slowness of the lodging and restaurant industries (-7.9%) and wholesale and retail (-1.5%).

Retail sales, which show consumer trends, increased 3.0% from the previous month. This is due to increased sales of durable goods (12.7%) such as household appliances, as many dryers were sold during the long rainy season.

The consumer electronics retail sales index for August (197.7) was the highest since the statistics were prepared in 2005. Non-durable goods such as food and beverages also increased (0.9%). On the contrary, semi-durable goods such as clothing decreased (-4.4%).

Investment in facilities decreased 4.4% compared to the previous month. Investment in machinery (-5.8%) and transport equipment such as ships (-0.2%) decreased.

The actual construction performance of construction companies actually decreased by 7.1% from the previous month due to a decrease in both construction performance of construction (-6.5%) and civil engineering (-8.5 %).

Construction orders increased 37.2% over the previous year. This is due to a decrease in civil works (-39.3%), but increased in construction such as housing (61.5%).

The cyclical fluctuation of the coincident index that indicates that the current economy rose 0.4 points from the previous month. It is an increase for 3 consecutive months.

The cyclical fluctuation of the leading index, an index that predicts the future economy, also rose 0.6 points from the previous month. This is also an increase in the third month.

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