Exports declined by two orders of magnitude.
Maximum width for the first time in 3 years "Crash"

http://news.hankyung.com/article/2019030117981

2019.03.01 Somingjun reporter morandol@hankyung.com
 
 
-11.1% in February ... a few months backwards
Semiconductor · China declined exports declined
 
Sluggish exports are deepening.
Exports, which began to decline in December last year, declined
by two orders of magnitude last month.
Exports declined by two figures for the first time in 2 years and 7 months.
This is due to the fact that exports have led to semiconductor collapse
and the sharp drop in exports to China.
Although the government is said to get better from the second half,
The majority of experts lose slump
 
 

 
 
According to the Ministry of Commerce, Industry and Commerce on January 1,
the export value will be
It was 39.56 billion dollars, a decrease of 11.1% from one year ago.
It is a negative three months since last December.
The range of decrease is increasing more and more.
1.7% in December last year,
It decreased by 5.9% in January this year
Exports fell the most drastically for the first time in three years,
after February 2016 (-13.4%) last month.
 
For more information, gloomy.
Exports of 10 of the 13 major export items last month declined.
Of these, the decrease was two digits.
Semiconductors responsible for 20% of Korea's exports declined by 24.8%,
nurturing the overall export slump.
Semiconductor exports declined
for three consecutive months since last December.
 
By region, China, ASEAN (Association of Southeast Asian Nations),
the European Union (EU),
Among the top five exporting countries such as the US and Japan,
Except for the United States, all exports declined.
China's exports, which accounted for 26.8% of last year's exports,
are particularly stagnant.
Export to China,
-14.0% last December,
January of this year - 19.2%
It decreased by more than 10% for three consecutive months,
such as -17.4% in February.
 
An official of the Ministry of Industry,
"Demand for semiconductors will survive Exports will recover
from the second half of this year," he said.
However, the trend of the global economic slowdown,
It is an analysis by experts that it is difficult to guarantee recovery
of exports due to uncertainty that changes in the second half.
 
 
Export greatly shaking, 10 out of the main items of 13 generations, rattle "

"The export amount will decrease,
but the export volume is the flow of solid increase."
When the export value of January this year declined by 5.9%,
the contents explained by the government.
In fact, exports in January increased by 8.4%.
Although the price decreased due to price declines
of some items such as semiconductors,
The amount is steadily increasing, so it's not as bad as it seems.
 
However, like this disgrace oneself the export volume fell by 3.2% last month.
The decrease in the export volume was largely due
to the decrease in the number of working days
Except for (September) last September (-16.4%),
it is the first time in about a year since last year (-9.7%).
 
The decline in export price and the decrease in physical quantity
are displayed at the same time,
Accepted in a very serious situation.
A stakeholder of a national policy research institute said,
"Recently poor export is not common
It means that there is a possibility of prolongation. "
 
 The government's prospect that exports will recover in the second half
of this year also
Considering the flow of the global economic slowdown,
it is pointed out that it is not easy.

Major export items deteriorate successively

According to the Ministry of Commerce, Industry and Trade,
the export value in February declined by 11.1% from the same period last year.
It is a double-digit decline for the first time in 31 months.
Exports declined for the third consecutive month since last December,
This is also the first time since January 2015 - July 2016.
At that time, atrophy of world trade and China's THADD
(high altitude missile defense system)
Retaliation, etc. overlapped, and exports were showing a serious slump.
 
By item, 10 of the 13 major export items were minus.
Seven of them decreased by more than 10%.
There were only two declines in January.

In particular, semiconductor, which is a representative export item,
decreased by 24.8%.
In order to find a precedent that semiconductor exports were sluggish
in this degree, at the time of the global financial crisis,
It must go back to April 2009 (-26.2%).
 
Semiconductors declined for several months since last December.
Especially recently it raises a goal of poor at the same time
to the quantity as well as the unit price.
According to the Bank of Korea, the semiconductor export index
in January fell for the first time in three years and one month.

Petrochemical petroleum products of export items 3 and 4 also decreased
by 14.3% last month and exports by 14.0%.
It is the largest decrease width for the first time in 34 months,
30 months respectively.
The decline in exports of these items was largely influenced
by the decline in international crude oil prices so far,
Last month, even as crude oil prices rose,
the slump was getting worse.
It is due to global oversupply.

In addition, ship (-46.5%), computer (-33.2%),
wireless communication equipment (-15.3%),
Displays (-11.0%) and others also decreased one after another.
Automobile exports (2.7%) increased for the third consecutive month,
Fortunate that I showed the form of recovering the slump last year.
 
Anxiety about the trade surplus

Last month's trade balance recorded a surplus of $ 3.1 billion.
It is the 85th consecutive month surplus. It increased more than in January
($ 1.29 billion)
Compared with last month's average (about $ 5.9 billion), it decreased much.
It is the reason that there is a concern that if the export slump becomes long
it will not know whether the surplus will be interrupted.

The reason for recording the surplus in the trade surplus also
in the drastic decrease in exports is that imports declined.
Last month imports declined by 12.6% from the same month the year before.
Especially for semiconductor manufacturing equipment, electric motor,
generator etc
Imports of capital goods (-36.0%) shrank greatly.
 
An official of the Korea Development Institute (KDI)
"Declining imports of capital goods will suggest a decline
in domestic capital investment from now on," he said.
In some, it was in the past games sluggish
Analysis that the "recession type surplus character"
is being redisplayed also comes out.
 
"It is difficult to declare export recovery in the second half"

The government sees that poor exports will not be connected until
the second half.
In the second half of this year,
Recovery of demand and price of semiconductors,
forecast of rising international crude oil price, etc.

However, there are many indications that recovery
of the slump will not be easy.
The fundamental reason for the recent slump in exports is the slowdown
of the global economy,
It is because the prospect that it will rather get worse in the second half
of this year is predominant.
The Organization for Economic Cooperation and Development (OECD)
We expect the US economic growth rate to fall from 2.7%
this year to 2.1% next year.
 
China's growth rate also predicted to fall
to 6.0% from 6.3% in the same period.
Lee Hang attended the research committee,
 
"Even for each item, there are certainly no items
other than semiconductors expected to be rebounded in the second half"
"Semiconductors are also recovering demand for Internet companies
and increasing sales of new smartphone products
If it is not done as much as expected, we can not guarantee recovery
of exports. "

 
Seven of the leading indicators of the economy "red light"
... the possibility of "L-shaped stagnation"
http://news.hankyung.com/article/2019022890931
2019.02.28 Imdwon / Sonsounyo reporter van7691@hankyung.com
Leading index declined for 8 consecutive months ... longest in history

Production, consumption, investment Improvement of gloss, but due
to the base effect ... sustained difficulty
Many of present / future economic indicators transmit "warning signal"
 
With domestic real estate market sluggish, even in overseas construction
markets low competitive offensive of competing countries
Construction orders are decreasing rapidly while experiencing difficulties.
The picture is the plant construction site in the Middle East.

The economic integrated index is running at its worst.
Indicating the current cyclical fluctuation index showing
the current economic situation and future economic outlook
Leading exponential cyclical fluctuation values ​​recorded declines
with the longest period of January-longest period.
 
Leading exponential cyclical fluctuation values ​​represent
"red light" in seven indicators out of the eight constituent indices,
Foretell a further dark future.
The employment situation is getting worse, the inventory of companies
has accumulated,
and the construction order has collapsed. Experts stay
for a long time in a low viscosity state without signs of economic recovery
Concerned about the possibility of falling into "L-shaped stagnation".

Production, consumption
and investment momentarily increased,

According to the "Industrial Activities Trends in January 2019" released
by the National Statistical Office on the 28th,
All production, consumption and investment last month increased momentarily.
Production of all industries rebounded 0.8% in January this year,
the second consecutive monthly decline from November to December last year.
 
The statistical agency analyzed that the influence such as an increase
in export of finished car accompanying the launch of the new car
at the beginning of the year was significant.
Retail sales also declined last December,
but increased for the first time in a month.
 
Capital investment also rose by 2.2% from the previous month.
In addition to the reaction from the fact that the figures at the end
of last year were not good,
Temporary factors were added
It is an expert's analysis that it is unclear whether improvement trends
will be maintained.
The economic indicators were bad.
The bank's index cyclical fluctuation value recorded 99.1
which fell 0.1 points from the previous month.
Bank of Indian cyclical fluctuations have been postponed
for 10 consecutive months since April last year.
 
The leading exponential cycle variation value is 98.5,
It decreased by 0.4 points from the previous month,
and in August last year (-0.4 points)
The greatest downward range since it was recorded.
Leading index cyclical fluctuation value has been falling
for 8 consecutive months since June last year.
 
Two indicators fell for eight consecutive months as a result
of "primary oil shock"
It was the longest record after a continuous decline
from July 1971 to February 1972 at that time.
Even during the currency crisis, six months (September 1997 - February 1998)
All five consecutive entrenched declines in the financial crisis
(April to August 2008) were.
 
Leading indicators, 7 out of 8 worse

The deterioration of the index is conspicuous with the cyclical fluctuation value
of the leading index rather than the index fluctuation index of the bank.
Compared to the fact that the composition index 7 that constitutes
the index circulatory fluctuation value
of the bank deteriorated two months ago
Seven out of the eight constituent indices became worse
for the leading index fluctuation value.

The proportion of recruiters showing the ratio of the number of job seekers
to the number of job seekers with leading index excursion fluctuation values,
It rose by 1.0 percentage points in December last year,
It fell 4.1 percentage points in January this year.
It is the largest decrease since July 2014 (-4.1 percentage points).
Overall, the employment situation deteriorated,
The statistics agency analyzed that the employment scale of the elderly
in January increased and that the number of job seekers increased.
 
The inventory cycle index also dropped 1.1 percentage points
in January this year, following last December.
The inventory cycle index is the growth rate of shipments on the basis
of the same month of the previous year
It is a value obtained by deducting the increase rate of inventory.
This indicator is declining means that inventory increases faster
than shipment increase. Industrial shipment index,
While it decreased by 0.5% in January, the inventory index increased by 6.8%.
Construction orders increased by 3.8% in December last year,
but decreased by 2.6% in January this year.

Experts are concerned about the slump of L shape.
Ju Won, Director of Macroeconomic Research Section,
Hyundai Economic Research Institute
"As major investment-related leading indicators
such as construction orders have recorded negative figures,
The export shipment of the manufacturing industry also decreased. "
"There is concern that the economy will continue to bottom out."
The government is struggling to make countermeasures.
The planning and finance department announced on this day
"Evaluation of industrial activity trend"
"Through innovation measures by industry sector,
making export vitality measures, etc.,
Devote ourselves to improving economic vitality. "
 
BTS members famous for atomic bomb T-shirts 
are crazy inside the bus
Videos leaked!
https://twitter.com/i/status/1062852872176451584
Overseas fans seem to be exactly the same
Suddenly overflowing with compliments of English praise. Creepy

 

http://www.ekn.kr/news/article.html?no=398456
https://news.v.daum.net/v/20181106030037589

http://www.koreaherald.com/view.php?ud=20181114000854

 

 
A song called BTS "run". Members are suffering in waters in the water.
MV release date, March 11, It is the day of the Great East Japan Earthquake.
I can not forgive as a Japanese citizen.
 
BTS wearing a comfort Woman wear
Dokdo is also doing anti-Japanese act of singing our territory
.

The capital flight started
World stock price / Korea KOSPI
Do not move, government intervention,
Trading suspension, circuit breaker activation,

power off of server,

Koria have a proven track record.

 

Yuzuru Sato
Korea attacks Japan by combining hands with North Korea and China
Propaganda neglect affects the recreation of the comfort women problem,

the activities of Japanese companies around the world
Possibility of losing in the image strategy at the US jury trial.

ttps://www.facebook.com/pages/Attapeu-One-Love-Original/1775535799339658

 

旭日旗、自衛隊P-3に韓国海軍のレーダー照射問題まとめ

朝鮮人戦時労働者問題まとめ

慰安婦問題まとめ

韓国経済まとめ

LAOS DAM

English articles futukiiti hoyoujiyo

English articles 2

DiffusionHopeGermanNGOSupportLaosAdoptVillage

 

DiffusionHopehttps://laos.oxfam.org/

 

 

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