SEJONG, Feb. 7 (Korea Bizwire) – South Korea’s total supply in manufacturing fell in the fourth quarter from a year earlier on a decline in domestic supply, government data showed Wednesday.
The manufacturing domestic supply index — which measures both goods produced locally and brought into South Korea — declined 3.3 percent on-year to stand at 112.5 during the October-December period, according to the data compiled by Statistics Korea.
The on-year contract is due to a decline in domestic supply, which was affected by a drop in autos and steel processing.
South Korean-made goods dropped 6.6 percent in the fourth quarter from a year earlier, while imported products saw their index jump 4.3 percent on-year.
In 2016, the statistical office came up with the index to measure the total domestic supply of locally produced goods and imported products, with the base number for 2010 set at 100.
The index for consumer goods fell 1.6 percent in the fourth quarter from a year earlier and the figure for intermediate goods also sank 5.4 percent, with that of capital goods rising 3.1 percent on-year.