Economic Buzz: Industrial Production In South Korea Jumps 1.3% In March

29 Apr 2022 , 09:15 AM

Industrial output in South Korea climbed a seasonally adjusted 1.3 percent on month in March. On a yearly basis, industrial production climbed 3.7 percent – missing forecasts for an increase of 4.0 percent following the downward revised 6.3 percent increase in the previous month (originally 6.4 percent). The index of all-industry production was up 1.5 percent on month and 3.1 percent on year. The Manufacturing Production Index added 1.3 percent on month and 3.7 percent on year. The Index of Services added 1.5 percent on month and 3.7 percent on year. The Retail Sales Index lost 0.5 percent on month but climbed 2.3 percent on year. The Composite Leading Index in March showed no change from the previous month. The Cyclical Component of Composite Leading Index, which predicts the turning point in business cycle, fell 0.3 points from the previous month.

Powered by Commodity Insights