Industrial production increased 0.7% in November… Consumption declined in the second month
[앵커]
Industrial production, which has been fluctuating due to the spread of Corona 19, has turned to an increase with an increase of 0.7% last month.
Manufacturing production and investment increased in the aftermath of strong exports, but domestic consumption decreased for the second month.
For more information, I will connect to the press office.
Reporter Jo Sung-mi.
[기자]
Yes, industrial production for November increased 0.7% from a month ago.
Industrial production has been repeatedly rising and falling depending on whether or not social distancing has been strengthened due to the spread of corona.
It decreased by 0.1% in October and recovered.
Exports rebounded last month.
In November, exports of semiconductors, displays, and wireless communication devices increased by 4.0% from last year, showing an increase of around 20%.
In the aftermath, manufacturing production also increased by 0.3%, while semiconductor production increased by 7.2% while automobiles decreased by 8.8%.
It was analyzed that there was a base effect on the fact that a lot of cars were sold due to the effect of the launch of new cars in October, and there was also the effect that exports decreased due to the spread of overseas corona.
Production in the service sector increased by 0.7% for the third consecutive month.
The lodging/restaurant business was sluggish at -2.7% due to the influence of distance, but the financial, insurance and real estate production increased due to the rise in stock and real estate prices.
On the other hand, retail sales, representing consumption, continued to decline for the second month, falling 0.9%.
The National Statistical Office explained that it was the effect of a decrease in sales of clothing and the like due to the refrain from going out and the weather fluctuations were not large.
The cyclical fluctuation of the coincident index representing the current economy rose 0.5 points from a month ago, and the circulating fluctuation of the leading index, which predicts the future economy, rose 0.7 points, and continued to rise for the sixth month.
This month’s indicators, when the spread of Corona 19 has worsened, may worsen again.
So far, the news agency has delivered it.
Yonhap News TV article inquiries and reports: katok/line jebo23
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