Man­u­fac­tur­ing sup­ply down 5.1%

The Korea Times - - FINANCE -

Korea’s to­tal sup­ply in man­u­fac­tur­ing plunged in the third quar­ter from a year ear­lier on a de­cline in both pro­duc­tion at home and im­ports, gov­ern­ment data showed Fri­day.

The man­u­fac­tur­ing do­mes­tic sup­ply in­dex — which mea­sures both goods pro­duced lo­cally and brought into South Korea — fell 5.1 per­cent year-on-year to stand at 101.2 dur­ing the July-Septem­ber pe­riod, ac­cord­ing to the data com­piled by Statis­tics Korea.

The year-on-year fall is due to a de­crease in do­mes­tic sup­ply mainly stem­ming from short­ened work­ing days, and the sup­ply from over­seas.

The sup­ply of South Korean-made goods dropped 6.0 per­cent in the third quar­ter from a year ear­lier, while that for im­ported prod­ucts de­clined 2.6 per­cent year-on-year.

In 2016, the sta­tis­ti­cal of­fice came up with the in­dex to mea­sure the to­tal do­mes­tic sup­ply of lo­cally pro­duced goods and im­ported prod­ucts, with the base num­ber for 2015 set at 100.

The in­dex for con­sumer goods fell 2.9 per­cent in the third quar­ter from a year ear­lier, and the fig­ure for in­ter­me­di­ate goods fell 3.8 per­cent, with that of cap­i­tal goods plung­ing 12.9 per­cent year-on-year, the data showed.

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