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The Korea Herald
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THE INVESTOR
March 29, 2024

Economy

Korea’s manufacturing supply gains in Q2

  • PUBLISHED :August 08, 2017 - 16:24
  • UPDATED :August 08, 2017 - 16:24
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[THE INVESTOR] Korea’s total supply in manufacturing gained ground in the April-June period marking five straight quarters of growth on a sharp rise in imports, government data showed on Aug. 8.

The manufacturing domestic supply index that measures both goods produced locally and brought into the country, advanced 5.3 percent on-year to stand at 116.9, according to the data compiled by Statistics Korea.

The on-year growth slowed down from a record 7.2-percent gain tallied three months earlier as the solid rise in imported goods supply was offset by a weak increase in domestic supply.

Korean-made goods inched up 0.7 percent on-year, while imported products saw their index jump 16 percent over the three-month period.

The index was developed by Statistics Korea last year to measure the total domestic supply of locally produced goods and imported products, with the base number tallied in 2010 set at 100.

By Alex Lee and newswires (alexlee@heraldcorp.com)

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