Output rebounded led by automobile and semiconductor sectors, while retail sales and facility investment also gained
South Korea industrial output posts sharpest growth in 6 years in June
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Summary
The output in the crucial chip industry had shed 10 percent on-month in May. The report, however, showed output from the electronic components sector fell 10.4 percent. The report showed sales of semidurable goods, such as clothes, fell 1.7 percent, while those of durable goods, such as cars and computers, rose 12.6 percent.
Furthermore, The growth in sales of durable goods was the highest in nearly 17 years since the 14 percent spike posted in September 2009. In detail, output from the automobile and semiconductor sectors rose 15.4 percent and 4.5 percent, respectively. People shop at a supermarket in Seoul on Wednesday. (Yonhap) South Korea's industrial output rebounded in June from a month earlier, snapping two months of decline led by the automobile and semiconductor industries, data showed Friday, with retail sales and facility investment also gaining ground.
In addition, Retail sales, a gauge of private spending, rose 2.7 percent over the period, led by durable goods, such as cars. The ministry said sales of cars jumped 21.8 percent, marking the steepest rise in six years and three months. "As exports continue to grow and domestic consumption has shown signs of recovery, major industrial activity indicators improved significantly in June," the Ministry of Finance and Economy said in a separate report.
Moreover, The government will continue efforts to address uncertainties stemming from lingering geopolitical tensions in the Middle East, with a focus on energy and supply chains, it added.
Cross-referenced from 2 sources.
Factual coreconfirmed by several independent voices
The output in the crucial chip industry had shed 10 percent on-month in May.
reliability moderate2/2 sourcesThe report, however, showed output from the electronic components sector fell 10.4 percent.
reliability moderate2/2 sourcesThe report showed sales of semidurable goods, such as clothes, fell 1.7 percent, while those of durable goods, such as cars and computers, rose 12.6 percent.
reliability moderate2/2 sourcesThe growth in sales of durable goods was the highest in nearly 17 years since the 14 percent spike posted in September 2009.
reliability moderate2/2 sourcesIn detail, output from the automobile and semiconductor sectors rose 15.4 percent and 4.5 percent, respectively.
reliability moderate2/2 sourcesPeople shop at a supermarket in Seoul on Wednesday. (Yonhap) South Korea's industrial output rebounded in June from a month earlier, snapping two months of decline led by the automobile and semiconductor industries, data showed Friday, with retail sales and facility investment also gaining ground.
reliability moderate2/2 sourcesRetail sales, a gauge of private spending, rose 2.7 percent over the period, led by durable goods, such as cars.
reliability moderate2/2 sourcesThe ministry said sales of cars jumped 21.8 percent, marking the steepest rise in six years and three months.
reliability moderate2/2 sources
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"As exports continue to grow and domestic consumption has shown signs of recovery, major industrial activity indicators improved significantly in June," the Ministry of Finance and Economy said in a separate report.
according to Yonhap NewsThe government will continue efforts to address uncertainties stemming from lingering geopolitical tensions in the Middle East, with a focus on energy and supply chains, it added.
according to Yonhap NewsThe latest official findings showed investment in machinery and transportation equipment, including cars, rose 6.9 percent and 3.4 percent, respectively. (Yonhap)
according to The Korea Herald
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