Statistics Korea said that South Korea's industrial production contracted a seasonally adjusted 0.4% MoM in June 2012, in line with expectations following the upwardly revised 1.3% increase in May 2012 (originally 1.1%).
On a yearly basis, industrial production was up by 1.6% YoY, beating estimates for a gain of 1% but slowing from the 2.9% increase in the previous month.

The index of all industry production was down by 0.3% MoM in June 2012 and up by 0.1% YoY. The Manufacturing Production Index in June 2012 shed 0.5% MoM but increased by 1.6% YoY.

The Producer's Shipment Index in June 2012 went down by 0.8% MoM but up by 1.8% YoY. The Producer's Inventory Index fell by 2.1% MoM but jumped 10.7% YoY. The Production Capacity Index was up by 0.4% MoM and also up by 3.6% YoY.

The Operation Ratio Index was down by 1.5% MoM and 2.9% YoY. The Index of Services eased 0.4% MoM but gained 1.2% YoY. The Manufacturing Average Operation Ratio was 78.2%, down by 1.2% MoM. The Retail Sales Index was down by 0.5% MoM and up by 0.6% YoY.

The Equipment Investment Index dipped 6.3% MoM and 5.6% YoY. The Domestic Machinery Shipment Index shed 9.9% YoY, while the value of domestic machinery orders received plummeted 33.5% YoY.

In June 2012, the value of construction completed at constant prices was down by 3.3% MoM and 16.5% YoY. The value of construction orders received at current prices climbed 2.6% YoY.

The Composite Coincident Index in June 2012 increased by 0.3% MoM. The Cyclical Component of Composite Coincident Index, which reflects current economic situations, was unchanged from the previous month. The Composite Leading Index was up by 1% MoM.

The Cyclical Component of Composite Leading Index, which predicts the turning point in business cycle, was up by 0.5 points from the previous month.

Source - RTT News

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