Manufacturers' Q2 domestic supply rises at fastest-ever pace
By YonhapPublished : Aug. 10, 2021 - 15:10
South Korean manufacturers' domestic supply rose at the fastest-ever pace in the second quarter as the country's economy is on a recovery track on brisk exports, data showed Tuesday.
The manufacturing domestic supply index stood at 111.1 in the April-June period, up 9.2 percent from a year earlier, according to the data from Statistics Korea.
It marked the sharpest on-year gain since the first quarter of 2010 when the statistics agency began compiling related data.
The index, which measures both locally produced goods and imports, serves as a major indicator of domestic demand trends.
The quarterly index grew for the second straight quarter in the April-June period as Asia's fourth-largest economy is on a recovery path on the back of robust exports of chips and autos.
In the second quarter, the increase in manufacturers' domestic supply was led by a sharp rise of imports, according to the statistics agency. Imports for domestic supply grew at the fastest-ever pace of 17.2 percent.
Demand for electronics goods was high from stay-at-home people, and facility investment remained robust amid increased imports of chip-making parts last quarter, it added.
The index for consumer goods rose 1.9 percent on-year in the cited period, compared with a 4.8 percent fall three months earlier.
The supply for capital goods -- which refers to machinery used in industrial sectors -- increased 5.3 percent from a year earlier, up from a 0.3 percent on-year gain in the first quarter.
The supply of intermediate goods gained 13.8 percent on-year, compared with a 3.6 percent increase from three months earlier, the data showed. (Yonhap)
The manufacturing domestic supply index stood at 111.1 in the April-June period, up 9.2 percent from a year earlier, according to the data from Statistics Korea.
It marked the sharpest on-year gain since the first quarter of 2010 when the statistics agency began compiling related data.
The index, which measures both locally produced goods and imports, serves as a major indicator of domestic demand trends.
The quarterly index grew for the second straight quarter in the April-June period as Asia's fourth-largest economy is on a recovery path on the back of robust exports of chips and autos.
In the second quarter, the increase in manufacturers' domestic supply was led by a sharp rise of imports, according to the statistics agency. Imports for domestic supply grew at the fastest-ever pace of 17.2 percent.
Demand for electronics goods was high from stay-at-home people, and facility investment remained robust amid increased imports of chip-making parts last quarter, it added.
The index for consumer goods rose 1.9 percent on-year in the cited period, compared with a 4.8 percent fall three months earlier.
The supply for capital goods -- which refers to machinery used in industrial sectors -- increased 5.3 percent from a year earlier, up from a 0.3 percent on-year gain in the first quarter.
The supply of intermediate goods gained 13.8 percent on-year, compared with a 3.6 percent increase from three months earlier, the data showed. (Yonhap)