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June IP Close To Expectations, But Positive Revisions Boost Y/Y

SOUTH KOREA
EM BulletDataHomepagemarkets-real-timeData BulletBulletEmerging Market News
  • Korean I/P came in 0.5% for the m/m in June.
  • May's number had seen a contraction of -1.2%m/m with a heavy decline in auto's a main driver but saw a major revision back to -0.6%m/m.
  • Survey's suggested a modest rebound for June (+0.8%m/m was the consensus forecast).
  • Details show the continued theme of a surge in semiconductor exports may be starting to tail off. The trend of IP and export growth have been closely aligned in recent months.
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  • Korean I/P came in 0.5% for the m/m in June.
  • May's number had seen a contraction of -1.2%m/m with a heavy decline in auto's a main driver but saw a major revision back to -0.6%m/m.
  • Survey's suggested a modest rebound for June (+0.8%m/m was the consensus forecast).
  • Details show the continued theme of a surge in semiconductor exports may be starting to tail off. The trend of IP and export growth have been closely aligned in recent months.