• Industrial Activities
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Title : The Industrial Activities in December and in the Fourth Quarter 2006
Date : 2007-02-01 Writer : 관리자
Attached File :

Ⅰ. Composite Indexes of Business Indicators

< Coincident Index >

The Coincident CI went up by 0.2 percent from the previous month.

The Cyclical Component of Coincident CI, which reflects current business conditions, declined 0.2 points from the previous month.

2006

May

June

July

Aug.

Sep.

Oct.

Nov.p

Dec.p

○ Coincident Index (Month-on-month, %)

0.3

0.3

-0.3

0.6

0.9

1.7

0.8

0.2

○ Cyclical Component of Coincident CI

99.9

99.8

99.0

99.2

99.6

100.8

101.2

101.0

- Change from the Previous Month (p)

-0.1

-0.1

-0.8

0.2

0.4

1.2

0.4

-0.2

< Leading Index>

The Leading CI grew by 0.4 percent from the previous month.

The 12-month Smoothed Change in Leading CI, which predicts the turning point of economic trends, recorded the same figure of the previous month.

2006

May

June

July

Aug.

Sep.

Oct.

Nov.p

Dec.p

○ Leading Index (Month-on-month, %)

0.1

0.1

0.2

0.3

0.8

0.8

0.8

0.4

○ 12-month Smoothed Change in Leading CI (%)

5.3

4.8

4.3

3.9

4.1

4.4

4.8

4.8

- Change from the Previous Month (%p)

-0.5

-0.5

-0.5

-0.4

0.2

0.3

0.4

0.0

 

2. Production Trend

The Industrial Production Index recorded 146.9 (SA, 2000=100), down 3.9 percent from the previous month. The Not Seasonally Adjusted Index marked 151.6 (NSA, 2000=100), up 2.3 percent from the same month last year.

The Industrial Production Index in the fourth quarter went up by 3.7 percent from the previous quarter and by 4.5 percent from the same quarter last year.

< Industrial production trend >

(2000=100, %)

2005

4/4

Dec.

2006p

3/4

4/4p

Oct.

Nov.p

Dec.p

Index

Seasonally Adjusted

-

140.9

140.1

-

146.2

151.6

155.1

152.9

146.9

Not Seasonally Adjusted

134.1

147.3

148.2

146.7

144.2

154.0

150.6

159.8

151.6

Percent Change

Over the Previous Month (Quarter)

-

5.5

-2.7

-

1.1

3.7

2.8

-1.4

-3.9

Year-on-year

6.3

10.3

11.3

9.4

10.6

4.5

4.8

6.5

2.3

Working Day Adjusted

6.9

11.7

11.8

10.0

9.8

8.4

12.0

6.4

6.9

< Shipment >

The Producer's Shipment Index recorded 141.6 (SA, 2000=100), a decrease of 3.4 percent from the previous month. The Not Seasonally Adjusted Index marked 146.3 (NSA, 2000=100), an increase of 2.4 percent from the same month last year.

The Producer's Shipment Index in the fourth quarter went up by 3.3 percent from the previous quarter and by 3.0 percent from the same quarter last year.

< Shipment trend >

(2000=100, %)

2005

4/4

Dec.

2006p

3/4

4/4p

Oct.

Nov.p

Dec.p

Index

Seasonally Adjusted

-

136.9

134.9

-

140.7

145.4

148.1

146.6

141.6

Not Seasonally Adjusted

131.7

143.2

142.9

141.1

138.9

147.5

143.5

152.8

146.3

Percent Change

Over the Previous Month (Quarter)

-

4.2

-4.1

-

1.0

3.3

2.6

-1.0

-3.4

Year-on-year

5.6

8.6

9.7

7.1

8.5

3.0

2.3

4.4

2.4

The Domestic Shipment Index increased by 1.1 percent, and the Export Shipment Index increased by 4.3 percent year-on-year.

(Year-on-year, %)

2005

4/4

Dec.

2006p

3/4

4/4p

Oct.

Nov.p

Dec.p

Domestic shipment

2.3

5.5

7.3

4.1

3.3

1.5

-0.5

3.9

1.1

Export shipment

10.3

12.9

13.2

11.5

15.4

5.1

5.8

5.3

4.3

< Inventory >

The Producer's Inventory Index stood at 133.5 (SA, 2000=100), which increased 0.4 percent from the previous month. The Not Seasonally Adjusted Index increased by 6.4 percent from the same month last year to 132.1 (NSA, 2000=100).

< Inventory trend >

(2000=100, %)

2006

July

Aug.

Sep.

Oct.

Nov.p

Dec.p

Index

Seasonally Adjusted

135.3

132.6

133.3

134.1

133.0

133.5

Not Seasonally Adjusted

135.4

131.8

131.1

131.6

131.8

132.1

Percent Change

Over the Previous Month (Quarter)

0.7

-2.0

0.5

0.6

-0.8

0.4

Year-on-year

6.9

7.4

6.8

7.3

7.5

6.4

Inventory rate

100.4

94.2

92.7

91.0

91.3

95.1

< Manufacturing Operation Ratio >

The Manufacturing Average Operation Ratio stood at 79.7 percent, which decreased by 2.8 percentage points from the previous month.

(%, %p)

2006

June

July

Aug.

Sep.

Oct.

Nov.p

Dec.p

Average Operation Ratio

82.0

76.8

80.7

84.1

81.5

82.5

79.7

Change from the Previous Month

1.4

-5.2

3.9

3.4

-2.6

1.0

-2.8

The Operation Ratio Index recorded 101.5 (SA, 2000=100), which dropped by 3.4 percent from the previous month. The Not Seasonally Adjusted Index marked 102.4 (NSA, 2000=100), which fell by 2.0 percent from the same month last year.

(2000=100, %)

2006

June

July

Aug.

Sep.

Oct.

Nov.p

Dec.p

Index

Seasonally Adjusted

104.4

97.8

102.8

107.1

103.8

105.1

101.5

Not Seasonally Adjusted

105.6

94.8

97.8

109.4

101.1

109.6

102.4

Percent Change

Month-on-month

1.7

-6.3

5.1

4.2

-3.1

1.3

-3.4

Year-on-year

1.9

-6.9

1.7

11.4

-3.6

0.8

-2.0

The Production Capacity Index stood at 124.0 (NSA, 2000=100), up 1.6 percent year-on-year.

The Production Capacity Index in the fourth quarter marked 123.9 (NSA, 2000=100), up 1.8 percent from the same quarter last year.

(2000=100, year-on-year, %)

2005

4/4

Dec.

2006p

3/4

4/4p

Oct.

Nov.p

Dec.p

Production Capacity Index

119.0

121.7

122.1

122.7

122.3

123.9

123.8

124.0

124.0

Year-on-year

3.4

4.5

4.4

3.1

2.9

1.8

2.3

1.6

1.6

· Semiconductors

15.9

23.9

26.0

18.2

16.3

9.4

12.4

7.9

8.1

· Textiles

-8.5

-9.8

-9.4

-8.2

-7.2

-11.2

-9.9

-11.3

-12.4

 

3. Consumption Trend

The Consumer Goods Trade Index marked 128.8 (SA, 2000=100), up 1.0 percent from the previous month. The Not Seasonally Adjusted Index marked 138.3 (Constant, NSA, 2000=100), up 2.7 percent from the same month last year.

The Consumer Goods Trade Index in the fourth quarter increased by 4.2 percent from the previous quarter and by 3.8 percent from the same quarter last year.

< Consumer Goods Trade Trend >

(2000=100, %)

2005

4/4

Dec.

2006p

3/4

4/4p

Oct.

Nov.p

Dec.p

Index

Seasonally Adjusted

-

122.4

126.0

-

122.2

127.3

125.7

127.5

128.8

Not Seasonally Adjusted

118.6

127.0

134.7

123.6

119.1

131.8

126.5

130.7

138.3

Percent Change

Over the Previous Month (Quarter)

-

2.2

3.0

-

-1.1

4.2

1.4

1.4

1.0

Year-on-year

3.9

6.8

9.6

4.2

2.2

3.8

4.6

4.3

2.7

< Major Indicators in Industrial Activities >

(Year-on-year, %)

2005

2006

Annual

4/4

Dec.

Annualp

3/4

4/4p

Oct.

Nov.p

Dec.p

Production

Industrial Production Index

Over the previous period

-

5.5

-2.7

-

1.1

3.7

2.8

-1.4

-3.9

Year-on-year

6.3

10.3

11.3

9.4

10.6

4.5

4.8

6.5

2.3

Working Day Adjusted

6.9

11.7

11.8

10.0

9.8

8.4

12.0

6.4

6.9

· Manufacturing

6.2

10.4

11.0

9.8

10.9

4.8

5.1

6.6

2.5

(Heavy Chemical Industry)

8.4

13.1

13.6

11.7

13.0

6.2

7.5

7.9

3.3

(Light Industry)

-2.8

-1.0

-0.2

0.6

1.8

-2.4

-6.4

0.6

-1.5

Producer's Shipment Index

5.6

8.6

9.7

7.1

8.5

3.0

2.3

4.4

2.4

· Domestic

2.3

5.5

7.3

4.1

3.3

1.5

-0.5

3.9

1.1

· Exportz

10.3

12.9

13.2

11.5

15.4

5.1

5.8

5.3

4.3

Producer's Inventory Index

2.4

2.4

2.4

6.4

6.8

6.4

7.3

7.5

6.4

Average Operation Ratio

79.8

80.2

79.4

81.1

80.5

81.2

81.5

82.5

79.7

Production Capacity

3.4

4.5

4.4

3.1

2.9

1.8

2.3

1.6

1.6

Consumption

Consumer Goods Trade

Over the previous period

-

2.2

3.0

-

-1.1

4.2

1.4

1.4

1.0

Year-on-year

3.9

6.8

9.6

4.2

2.2

3.8

4.6

4.3

2.7

Shipment of Domestic Consumer Goods

2.1

7.3

8.7

4.5

4.8

1.8

-0.1

3.8

1.7

Investment

Equipment

Equipment Investment Index

3.4

7.0

12.6

5.6

10.0

4.5

6.5

5.4

2.1

Domestic Machinery Orders Received

1.5

17.5

42.8

14.9

15.6

12.5

35.1

11.3

-4.9

Construction

Domestic Construction Completed

5.7

6.9

6.5

5.3

6.4

7.6

7.5

7.3

7.9

Domestic Construction Orders Received

9.5

-17.9

-17.0

8.8

36.2

27.2

1.5

44.2

29.5

Note) Data on inventory were collected and compiled at the end of the month, quarter, and year. Data on Domestic Machinery Orders Received(Excluding vessels), Domestic Construction Completed and Domestic Construction Orders Received were collected and compiled at current value.

< Composite Indexes of Business Indicators >

(%, p, %p)

2006

Aug.

Sep.

Oct.p

Nov.p

Dec.p

Coincident Index (Month-on-month)

0.6

0.9

1.7

0.8

0.2

Cyclical Component of Coincident CI

99.2

99.6

100.8

101.2

101.0

· Change from the Previous Month

0.2

0.4

1.2

0.4

-0.2

Leading Index (Month-on-month)

0.3

0.8

0.8

0.8

0.4

12-month Smoothed Change in Leading CI

3.9

4.1

4.4

4.8

4.8

· Change from the Previous Month

-0.4

0.2

0.3

0.4

0.0

 
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