Menu Content
Go Top


South Korea's Industrial Output Up 1.6% in June

Written: 2021-07-30 08:51:56Updated: 2021-07-30 11:20:17

South Korea's Industrial Output Up 1.6% in June

Photo : YONHAP News

Industrial output rebounded for the first time in three months in June thanks to growth in the manufacturing and service sectors as well as consumption. 

But the growth does not reflect the economic conditions after the recent surge in COVID-19 cases in July, raising uncertainty. 
Statistics Korea said on Friday that the index of the nation’s overall industrial production came to a record high 112-point-nine in June, up one-point-six percent from the previous month. 

Industrial output grew in February and March before declining one-point-three percent in April and staying flat in May. 

Production in the mining, manufacturing, gas and electricity industries gained two-point-two percent on-month in June, while service sector output grew one-point-six percent.

Retail sales, a key indicator of consumption levels, also rose one-point-four percent on-month in June, a turnaround from a drop of one-point-eight percent the previous month. Facility investment dropped point-two-percent on-month.

Editor's Pick


This website uses cookies and other technology to enhance quality of service. Continuous usage of the website will be considered as giving consent to the application of such technology and the policy of KBS. For further details >