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S. Korea's Key Economic Indicators Rise for First Time in 6 Mos.

#Hot Issues of the Week l 2020-08-02

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ⓒ YONHAP News

South Korea's three major economic indicators all improved for the first time in six months.

Korea's factory output increased four-point-two percent in June compared to the previous month. It was the first time in six months that factory output shifted to growth and appears to be due to a recovery in exports.

Automobile production increased 22-point-nine percent in June, while DRAM computer chip production expanded by almost four percent compared to May.

Private spending also grew, increasing two-point-four percent due to the government's payouts of disaster-relief support money to the public and lowered special consumption taxes.

Facilities investments, which indicate corporate confidence in market conditions down the road, also rose five-point-four percent in June after contracting the previous month.

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