S. Korea's industrial output rises 0.5% m/m in July, but capital investment falls for five straight months
- 6 years ago
Korea's overall industrial production went up in in July while capital investment fell for the fifth consecutive month.
Statistics Korea says industrial output rose zero-point-five percent on-month in July, making a rebound from June's fall of zero-point-seven percent thanks to increased production in mining and manufacturing.
But capital investment dropped zero-point-six percent on-month in July, marking the fifth straight month of decline -- the longest run of declines in about two decades.
Statistics Korea attributed the fall to shrinking investment in semiconductors.
Production in services was similar to the previous month with growth in science and technology being offset by falls in finance and insurance.
Statistics Korea says industrial output rose zero-point-five percent on-month in July, making a rebound from June's fall of zero-point-seven percent thanks to increased production in mining and manufacturing.
But capital investment dropped zero-point-six percent on-month in July, marking the fifth straight month of decline -- the longest run of declines in about two decades.
Statistics Korea attributed the fall to shrinking investment in semiconductors.
Production in services was similar to the previous month with growth in science and technology being offset by falls in finance and insurance.