Menu Content
Go Top

Economy

Economic Indices Improve in Oct. Amid Concerns Over Prolonged Downturn

Written: 2018-11-30 11:35:50Updated: 2018-11-30 14:34:51

Economic Indices Improve in Oct. Amid Concerns Over Prolonged Downturn

Photo : YONHAP News

Three indices that assess the country's industry trends all increased in October, but an index which reflects current economic conditions dipped for the seventh consecutive month, adding to concerns of a prolonged economic downturn.

Statistics Korea said Friday the nation’s industrial output rebounded by zero-point-four percent in October from a month earlier, due to a rise in metal processing and logistics production.

Production in the mining, manufacturing, gas and electricity industries gained one percent on-month in October, while production in the service sector gained point-three percent.

Retail sales advanced point-two percent and facility investment increased one-point-nine percent in October.

Indices which reflect current economic conditions and predict turning points in the business cycle, however, fell to a nine-year low in October.

The statistical agency said improvements in the indicators are not strong enough to help the overall economic cycle take a turn.

Editor's Pick

Close

This website uses cookies and other technology to enhance quality of service. Continuous usage of the website will be considered as giving consent to the application of such technology and the policy of KBS. For further details >