Written by 2:06 PM Economics

“Are the effects of consumer coupons over? … Retail sales see largest decrease.”

**[Anchor]**

Let’s take a look at the economic situation.

In last month’s economic indicators, consumer spending has once again raised concerns.

After a brief rise with the issuance of consumer coupons in July, the momentum didn’t continue, and last month recorded a decline, marking the largest drop in a year and six months.

Reporter Lee Jung-min, please give us a detailed summary of the consumption indicators.

**[Reporter]**

Last month’s retail sales index decreased by 2.4% compared to the previous month.

This marks a return to decline in four months.

It’s the largest drop in about 18 months since it fell by 3.5% in February last year.

Sales of semi-durable goods such as clothing increased by 1.0%, but sales of non-durable goods like food and beverages fell by 3.9%, and durable goods like electronics decreased by 1.6%.

In the previous month, July, retail sales had increased by 2.7% due to the effect of issuing livelihood recovery consumption coupons.

It is interpreted that the consumption boost from the coupons was short-lived.

**[Anchor]**

How about investment and production centering on businesses?

**[Reporter]**

Equipment investment, which had succeeded in rebounding in July, turned back to a decline, decreasing by 1.1%.

Investment in machinery increased by 1.0%, but investment decreased in transportation equipment such as aircraft and ships by 6.0%.

Construction performance also showed a sluggish trend, with a 6.8% decrease in architecture and a 4.0% decrease in civil engineering, resulting in a 6.1% decrease from the previous month, marking the second consecutive month of decline.

However, construction orders, which indicate the future construction economy, increased by 44.8% compared to the same month last year, with orders increasing for residential buildings (46.9%) and civil engineering such as railroads (38.4%).

The all-industry production index maintained a level similar to the previous month, with production increases in the mining and manufacturing industry, but decreases in service, construction, and public administration sectors.

This is Lee Jung-min from SBS Biz.

**Your report could become news.**
**SBS Biz is waiting for your reports.**
**Website = https://url.kr/9pghjn**

Visited 1 times, 1 visit(s) today
Close Search Window
Close