S. Korea's industrial output rose 1.1% m/m in March
- 5 years ago
South Korea's industrial output edged up in March from a year earlier mostly due to the increased production of semiconductors... but also because the output in February was so poor.
Kim Da-mi starts us off.
The three main indicators of industrial activity all increased last month, in a so-called 'Triple Rebound.'
For the month of March, industrial output across all sectors in South Korea edged up 1-point-1 percent compared to the previous month.
Statistics Korea said on Tuesday that the on-month increase is mainly due to increased production of semiconductors...which ticked up 3-point-6 percent last month.
The agency said the increased exports of semiconductors came from the introduction of new high-capacity smartphone models.
Retail sales also jumped three-point-three percent from a month earlier.
Fine dust pollution led to strong sales of domestic appliances like air purifiers and steam closets.
Sales growth in machinery and transport equipment also led to a ten percent spike in facility investment.
However, the agency also noted that the 'Triple Rebound' also comes from such poor performances from the previous month.
In addition, overall industrial output actually fell by zero-point-7 percent on-year in the month of March.
Meanwhile, South Korean companies' business outlook for April has improved slightly compared to the month before.
According to the Bank of Korea on Tuesday, the Business Survey Index for all industries recorded 74 in April,... up a single point on-month.
The BOK said business sentiment among electronics manufacturers fell, but oil refining companies and petrochemical companies showed better sentiment on rising global oil prices.
However, as the figure still remaining below 100,...there are more pessimists than optimists.
Kim Da-mi, Arirang News.
Kim Da-mi starts us off.
The three main indicators of industrial activity all increased last month, in a so-called 'Triple Rebound.'
For the month of March, industrial output across all sectors in South Korea edged up 1-point-1 percent compared to the previous month.
Statistics Korea said on Tuesday that the on-month increase is mainly due to increased production of semiconductors...which ticked up 3-point-6 percent last month.
The agency said the increased exports of semiconductors came from the introduction of new high-capacity smartphone models.
Retail sales also jumped three-point-three percent from a month earlier.
Fine dust pollution led to strong sales of domestic appliances like air purifiers and steam closets.
Sales growth in machinery and transport equipment also led to a ten percent spike in facility investment.
However, the agency also noted that the 'Triple Rebound' also comes from such poor performances from the previous month.
In addition, overall industrial output actually fell by zero-point-7 percent on-year in the month of March.
Meanwhile, South Korean companies' business outlook for April has improved slightly compared to the month before.
According to the Bank of Korea on Tuesday, the Business Survey Index for all industries recorded 74 in April,... up a single point on-month.
The BOK said business sentiment among electronics manufacturers fell, but oil refining companies and petrochemical companies showed better sentiment on rising global oil prices.
However, as the figure still remaining below 100,...there are more pessimists than optimists.
Kim Da-mi, Arirang News.