July 30, 2024 23:44 GMT
June IP Close To Expectations, But Positive Revisions Boost Y/Y
SOUTH KOREA
- 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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