South Korea Reports Stagnant Industrial Output and Weak Retail Sales in July
Official economic data reveals that South Korea’s industrial production remained flat in July while consumer retail sales declined, though business facility investment showed growth. The mixed indicators highlight ongoing challenges in domestic demand despite steady capital spending.
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Industrial output flat in July; retail sales down, facility investment up
South 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. Industrial output fell 0.5 percent and 0.4 percent in April and May, respectively, before rebounding 2.4 percent in June. Output in the mining and manufacturing sector, a key pillar of the economy, edged
By The Korea Herald
Read full article →(2nd LD) Industrial output flat in July; retail sales down, facility investment up
SEJONG, Aug. 31 (Yonhap) -- South Korea's industrial output remained flat in Jul...
By Kang Yoon-seung
Read full article →Coverage Timeline
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