Sept. Mining and Industrial Activity Declines 2.1%
Sept. Mining and Industrial Activity Declines 2.1%
  • Korea IT Times (info@koreaittimes.com)
  • 승인 2013.10.31 18:14
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SEOUL, KOREA- The economy is again showing signs of weakness after a short spurt. Leading economic indicators are also on a downward trend for six months in a row. According to a report "September 2013 Industrial Activity Trend" published by the Korea Statistical Office on October 30, mining and industrial activity in September declined 2.1 percent from the previous month, primarily because of the weakness in the manufacturing sector (-2.3%).
 
This is a far cry from only a month ago when mining and industrial activity had marked a 1.6-percent increase, the largest gain in eight months. The same figure had remained in the negative for the first three months of the year, followed by four months of fluctuations within the range of -1 to +1.
 
By sub-sector, construction and public administration experienced the biggest loss with 2.2 and 3.3 percent respectively. The overall industrial activity also shrank 0.8 percent. Services were the only area that didn't suffer a setback for the month, with a gain of 0.3 percent.

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