SEOUL, KOREA- The August mining and manufacturing activity has increased by the largest margin in nine months. According to a report "August 2013 Industrial Activity Trend" published by the Korea Statistical Office on September 30, mining and manufacturing output has risen 1.8 percent from the previous month largely owing to a recovery in manufacturing activity.This is the first time mining and manufacturing output shows an uptick since November last year when the figure was 2.1 percent.
During the same month, output in the service sector, construction, and public administration increased 0.7, 0.1, and 1.2 percent, respectively. The overall industrial output rose 1.0 percent from July.
As for the cyclical component of the coincident composite index, it rose 0.2 percentage point from July. The cyclical component of the leading composite index also increased 0.3 percentage point, continuing a five-month rally.
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