Looking at the sectoral contributions to growth on the expenditure side, those of domestic demand (1.8%p) and of exports (2.0%p) will be generally similar.
Korean producers' receipt of machine tool orders (based on KOMMA member companies) from January through October 2013 amounted to about 3.16 trillion won, up 5.0% from 2012. If project-type orders are excluded, however, orders recorded a year-on-year decrease of 2.1%.
Declines in demand of equipment for development of new domestic cars and for facility investment by manufacturing businesses had significant impacts on domestic demand, while a portion of the project-type orders affected export demand.
In terms of demander business type, the ratios of automobile & parts and general machinery industries ranked No. 1 and No. 2 at 33.3% and 18.1%, respectively.
Nevertheless, demand from automotive businesses posted a slowdown for the second consecutive year since 2011, experiencing a year-on-year decline of 5.9% while its ratio also decreased 2.8 percentage points. In contrast, electrical, electronic and IT business demand expanded 51.7% year-on-year, posting a similar level as in 2011.