South Korea Industrial Output +5.6% On Year

Industrial output in South Korea jumped 5.6 percent on year
in November, Statistics Korea said on Thursday, rising for the 29th
consecutive month - although it was below forecasts for an increase
of 6.0 percent following the 6.2 percent gain in October. On a
monthly basis, output contracted a seasonally adjusted 0.4 percent
versus expectations for an increase of 0.6 percent. That follows
the downwardly revised contraction of 0.6 percent in October, which
was originally called at -0.5 percent. The index of all industry
production in November fell 1.1 percent on month and added 3.1
percent on year. The Producer's Shipment Index in November went
down 1.1 percent on month but added 3.0 percent on year. The
Producer's Inventory Index added 3.7 percent on month and 18.4
percent on year. The Production Capacity Index gained 0.2 percent
on month and 4.0 percent on year. The Operation Ratio Index went
down 0.8 percent on month and 1.8 percent on year. The
Manufacturing Average Operation Ratio in November was 79.0 percent,
down 0.7 percent on month. The Index of Services shed 0.5 percent
on month and added 2.6 percent on year. The Retail Sales Index fell
0.6 percent on month and gained 0.5 percent on year. The Equipment
Investment Index spiked 7.7 percent on month but fell 3.7 percent
on year in November, while the Domestic Machinery Shipment Index
lost 6.8 percent on year. The value of domestic machinery orders
received jumped 31.5 percent on year in November, while the value
of construction completed at constant prices declined 9.2 percent
on month and 8.6 percent on year. The value of construction orders
received at current prices surged 15.0 percent on year. The
Composite Coincident Index eased 0.2 percent on month in November,
while the Cyclical Component of Composite Coincident Index, which
reflects current economic situations, decreased by 0.6 points from
the previous month. The Composite Leading Index was up 0.2 percent
on month. The 12-month Smoothed Change in Composite Leading Index,
which predicts the turning point in business cycle, was up 0.1
percent on month. The material has been provided by Instaforex
Company - instaforex.com