Korea: Economic activity flatlines in July
Latest reading: Economic activity flatlined in seasonally adjusted month-on-month terms in July, following a 2.4% increase in the previous month.
Relative to the prior month’s figures, readings in July softened for services (-1.3% in seasonally adjusted month-on-month terms vs +0.9% in June), industry (+0.2% vs +6.7% in June) and construction (-1.1% vs +4.2% in June).
In annual terms, economic activity rose 4.0% in July, following a 3.6% increase in the previous month.