Industrial Output Flat in July; Retail Sales Down, Facility Investment Up
5 Articles
5 Articles
According to the July industrial activity trends released by the National Data Bureau, the all-industry production index remained flat at 120.2. Retail sales decreased by 2.4%, while equipment investment increased by 7.5%. The cyclical fluctuations of the leading and coincident economic indicators rose by 0.4 points and 0.8 points, respectively, suggesting a change in the economic phase.
Industrial output flat in July; retail sales down, facility investment up
Korea's industrial output remained flat in July from a month earlier, data showed Monday, with retail sales losing ground, while facility investment advanced. Industrial production remained unchanged in July from a month earlier, according to data from the Ministry of Data and Statistics. Output in the mining and manufacturing sector, a key pillar of the economy, edged up 0.2 percent on the back of the electronic component segment. The output in…
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Last month, overall industrial production remained at the same level as the previous month, halting its growth trend after just one month. Service industry production saw its sharpest decline in four years and five months, while consumption also fell by 2.4%. Conversely, equipment investment increased significantly for the second consecutive month. According to the "July Industrial Activity Trends" released by the National Data Bureau on the 31s…
Industrial production in July remained at the same level as the previous month. This was due to a slight increase in mining and manufacturing production, but a decrease in production in the service and construction sectors.
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