Economic Buzz: South Korea Industrial Production Rise 0.1% In May

30 Jun 2022 , 10:53 AM

Industrial output in South Korea rose a seasonally adjusted 0.1 percent on month in May, Statistics Korea reported. On a yearly basis, industrial production climbed 7.3 percent – exceeding expectations for a gain of 3.1 percent following the upwardly revised 3.5 percent increase in the previous month (originally 3.3 percent). The index of all industry production added 0.8 percent on month and 7.1 percent on year. The Manufacturing Production Index in May increased by 0.1 percent on month and 7.8 percent on year. Powered by Commodity Insights