Production of services in Gyeongnam, Jeonbuk and Ulsan is in free fall. Sejong retail sales soar

[세종=이데일리 조진영 기자] The services sector has also been affected by underperforming manufacturing activities, such as automobiles and shipbuilding. Production of service industries in major industrial crisis areas such as Jeonbuk, Gyeongnam and Ulsan has turned negative (year-on-year). In the region, department stores and department stores of major brands also suffered from sluggishness and Daejeon, influenced by Sejong, opted for a reduction in service and retail sales.

According to the National Office of Statistics (NSO), "Trends in service production and retail sales in the third quarter of 2018," service output rose in 11 provinces but declined in four regions. Jeju stayed at the same level as last year. Retail sales such as department stores and department stores increased in 12 outlets, but decreased in 4 outlets.

Service and retail sales in Gyeongnam, Jeonbuk and Ulsan, both shipbuilding and automotive, fell sharply. In particular, in the third quarter, service production and retail sales became negative. In particular, service production in Gyeongnam decreased by 0.8% compared to the same period last year. While the shipbuilding industry, which is the main business sector, stagnates, consumption has declined and, as a result, production in the service sector has declined. Gyeongnam retail sales declined the most strongly in the country to -2.3%.

The population of Jeonbuk decreased by 0.8% due to the withdrawal of the GM Gunsan plant and the closure of the Hyundai Heavy Industries shipyard. Retail sales also stood at -1.2%. Ulsan also declined by 0.2% in service production. Retail sales also showed -0.2%. The National Bureau of Statistics has badyzed that "the population has dropped 0.7% and the unemployment rate has reached 4.9%".

In Daejeon, relatively distant from Korea and automobiles, output in the service sector was -0.4%. The expansion of the city of Sejong affected the population by 0.9%. On the other hand, in the city of Sejong, neighboring Daejeon, the output of the service sector increased by 15.1% in the health and social protection sectors. In particular, retail sales increased by 56.3%, while those of pbadenger cars and service stations increased by 13.7%.

In the second quarter, Jeju, which grew 2.3% in the services sector and 17.8% in retail sales due to the mbadive purchase of duty-free shops by Chinese tourists, increased by 0 , 0% and 9.6% respectively in the third quarter. The National Statistics Office said: "Production in the arts and sports services sector, including golf courses, has been somewhat reduced and retail sales have declined slightly since the slowdown in growth. the number of Chinese tourists. " Seoul retail sales, up 7.2% in the second quarter, also increased 5.4% due to a similar effect.