Second crown reproliferation in November consumption 09 ↓… Increase in production and investment

November industrial activity trend

In November, when the new coronavirus infection (Corona 19) proliferated again, consumption decreased for two consecutive months.

Industrial production and investment, which went through monthly ups and downs since last August, increased last month.

According to the ‘Industrial activity trend for November’ published by the National Statistics Office on the 30th, retail sales, which show last month’s consumption trends, decreased 0.9% compared to the previous month.

It is a decline for two consecutive months after October (-1.0%).

All industrial production (excluding seasonal adjustments and agriculture, forestry and fisheries) increased 0.7% from the previous month.

However, industrial production continues to increase and decrease every month in August (-0.8%), September (2.3%), October (-0.1%) and November (0.7%).

Mining production, including manufacturing (0.3%), increased 0.3%.

The production of the mining industry increased since the fall in October (-1.1%).

Production in the service industry increased 0.7% for the third consecutive month.

Ahn Hyeong-jun, Economic Trends Statistics Examiner at the Bureau of Statistics, said: “There are effects like refraining from going out and not selling clothes due to good weather etc. on the decline in consumption. · As the sector increased. property, the general increase, “he added.

Investment in facilities increased 3.6%.

Like industrial production, investment in facilities has also increased or decreased since August.

The cyclical fluctuation of the coincident index, which indicates the future economy, rose 0.5 points from the previous month, and the cyclical fluctuation of the leading index, which predicts the future economy, rose 0.7 points.

This is the sixth month concomitant increase, the longest consecutive increase in 21 years and 3 months since the 12 month concurrent increase from September 1998 to August 1999.

Petty Officer Ahn said: “Social distancing in the metropolitan area has had an impact on the indicators, as it went up to stage 1.5 on 19 and second stage on 24,” he said.

/ yunhap news

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