S. Korea’s Industrial Output Up 4.2pct in June

01-Aug-2020 Intellasia | WorlKBS | 6:02 AM Print This Post

South Korea has logged gains in industrial output, investment as well as consumption last month, indicating signs of a possible economic recovery from the COVID-19 pandemic.

According to Statistics Korea on Friday, the nation’s overall industrial production jumped four-point-two percent on-month in June.

Production in the mining and manufacturing industries soared seven-point-two percent from a month earlier, while service sector output gained two-point-two percent on-month.

Retail sales, a key indicator of consumption levels, increased two-point-four percent from a month earlier. Facility investment also jumped five-point-four percent on-month in June.

Meanwhile, the coincident index, a metric that reflects current economic conditions in the business cycle, rose point-two points on-month.

The leading composite index, which forecasts future economic performance in business cycles, also gained by point-four points.



Category: Korea

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