Other Stories

S. Korea's overall industrial output up 2.3% m/m in Sept., facility investment up 7.4% Updated: 2020-10-30 08:50:25 KST

We start with some positive figures for the South Korean economy.
The country in September saw an improvement in factory output, private consumption and corporate investment, the three major indicators that often help forecast where an economy is headed.
For more, we connect to our economic correspondent Kim Sungmin who has the details.

Mok-yeon, South Korea's overall industrial output, consumption and investment all edged up for the first time in three months,due in part to improved exports.
Statistics Korea said on Friday that the country's overall industrial output was up 2.3 percent in September from the previous month.
Manufacturing production jumped almost 6 percent mainly driven by automobiles, electronic parts and semiconductors.
The bumper figure for industrial output can be attributed to improvements in exports,which saw an on-year increase of 7.7 percent.
Semiconductors, general machinery and automobiles were the major exports.
Retail sales, which show the consumption trend, saw a 1.7 percent increase, mostly on food and clothing.
Facility investment also edged up 7.4 percent, posting the biggest increase in six months.
An increase of 34 percent in transport equipment was a major contributor to the positive figure.
Finance minister Hong Nam-ki said the "triple improvement" of production, consumption and investment means the economy can expect a bright forecast for the upcoming fourth quarter.
That's all I have for now, back to you Mok-yeon.
KOGL : Korea Open Government License
본 저작물 중 본문에 해당하는 뉴스 스크립트(텍스트)는 공공누리 제1유형-출처표시 조건에 따라 이용할 수 있습니다.
weather