Korea: Industrial output bounces back and expands in June
July 30, 2014
In June, industrial production increased 0.6% over the same month last year. Industrial production recovered part of the ground lost in May, when output fell 2.1%, but fell short of the 1.5% increase the markets had expected. According to the Korea National Statistics Office, June’s result reflected a broad-based improvement, particularly in manufacturing output.
A month-on-month comparison showed that industrial production jumped a seasonally-adjusted 2.9% in June and recovered from the 2.8% contraction registered in May.
Annual average growth in industrial output inched up from 0.6% in May to 0.8% in June.
Author: Ricardo Aceves, Senior Economist