Korea: Economic activity rises in August
Latest reading: Economic activity rose 2.4% month-over-month in August, the strongest pace in five months, picking up from an upwardly revised 0.3% growth in the prior month and overshooting market expectations.
The bounce back reflected higher output in semiconductors, automobiles and electronic components, highlighting the resilient country’s export-oriented sectors despite global trade shocks.
On a year-on-year basis, economic activity was up 0.9% in August, following a 1.9% increase in the prior month.