December & Q4 2005 Industrial Activity
Production rose 11.3 percent from the previous year in December 2005 on the back of increases in semiconductor, automobile, audiovisual & telecommunications output. Production in the fourth quarter recorded a 10.6 percent growth compared to the same quarter last year. The average manufacturing operation ratio was down 3.7 percentage points to 79.4 percent.
Producers’ shipments jumped up 9.0 percent on-year while the figure for the fourth quarter rose 8.2 percent. The 9.0 percent increase broke down into a 6.7 percent gain in shipments for domestic demand and a 12.6 percent gain in those for exports. For the last three months of the year, producers’ shipments went up 8.2 percent from a year earlier.
Consumer sales goods accelerated its growth pace with a rise of 9.4 percent as automakers launched new cars and people advanced their purchase of automobiles before the end of special excise tax cut planned for 2006. Also, more consumers shopped seasonal goods due to the cold weather.
Facility investment surged 13.1 percent on-year after growing 6.8 percent in November with good performances in transportation equipment and machinery including special industrial machinery and telecommunication equipment. The figure for the fourth quarter rose 7.3 percent.
The current value of construction projects completed posted an on-year increase of 7.4 percent, while it rose 7.7 percent in the fourth quarter.
Business Indexes
The cycle component of the coincident composite index (CCI), an indicator of current business conditions, remained unchanged form the previous month to post 96.5.
The leading composite index, a predictor of future economic conditions, was up 5.5 percent on-year, or up 1.1 percentage point from the previous month. The growth of on-year leading composite index has been gaining strength for seven consecutive months, pointing to an accelerating economic recovery.
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2008년 10월 6일 16:30
