S. Korea's industrial output soared 4.2% m/m in June, manufacturing up 7.2%
- 4 years ago
6월 산업생산 4.2%↑…생산•소비•투자 '트리플 증가'
After months of sluggish production figures due to COVID-19... South Korea's overall industrial output rebounded in June.
Despite the positive figures, the government says its still too early to relax.
Kim Sung-min has more.
South Korea's overall industrial output bounced back for the first time in 6 months..., with the manufacturing, service and investment sectors all seeing a jump from the previous month.
According to Statistics Korea, the country's overall industrial output soared 4-point-2 percent on-month in June.
"The COVID-19 outbreak has been affecting South Korea's industrial output index since February..., which caused the figure to contract for four months in a row until May. In June, the overall industrial output jumped 4-point-2 percent."
This was largely driven by the production in the mining and manufacturing industries... which saw a seven-point-two percent increase on-month.
This figure was its biggest jump since 2009 and was helped by the automobile and semiconductor sectors.
Automobile production was up some 22 percent, while semiconductors rose 3-point-4 percent.
Manufacturing exports also saw the biggest on-month increase in 33 years... 9-point-8 percent up from May's figures.
Retail sales saw a slight bump of two-point-four percent and facility investment also edged up 5-point-4 percent.
For the first time in five months, the indices for both current and future business conditions went up.
The index for current conditions saw a point-two percentage point increase and the index for future business conditions edged up point-four percent points.
While the country seems to have finally escaped the impact of COVID-19, the director-general of Statistics Korea said the uncertainty posed by the pandemic is still huge... along with potential risks coming from US-China trade war.
Kim Sung-min, Arirang News
After months of sluggish production figures due to COVID-19... South Korea's overall industrial output rebounded in June.
Despite the positive figures, the government says its still too early to relax.
Kim Sung-min has more.
South Korea's overall industrial output bounced back for the first time in 6 months..., with the manufacturing, service and investment sectors all seeing a jump from the previous month.
According to Statistics Korea, the country's overall industrial output soared 4-point-2 percent on-month in June.
"The COVID-19 outbreak has been affecting South Korea's industrial output index since February..., which caused the figure to contract for four months in a row until May. In June, the overall industrial output jumped 4-point-2 percent."
This was largely driven by the production in the mining and manufacturing industries... which saw a seven-point-two percent increase on-month.
This figure was its biggest jump since 2009 and was helped by the automobile and semiconductor sectors.
Automobile production was up some 22 percent, while semiconductors rose 3-point-4 percent.
Manufacturing exports also saw the biggest on-month increase in 33 years... 9-point-8 percent up from May's figures.
Retail sales saw a slight bump of two-point-four percent and facility investment also edged up 5-point-4 percent.
For the first time in five months, the indices for both current and future business conditions went up.
The index for current conditions saw a point-two percentage point increase and the index for future business conditions edged up point-four percent points.
While the country seems to have finally escaped the impact of COVID-19, the director-general of Statistics Korea said the uncertainty posed by the pandemic is still huge... along with potential risks coming from US-China trade war.
Kim Sung-min, Arirang News