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SOUTH KOREA: Producer Prices Declining.

SOUTH KOREA
EM BulletAPACBulletSouth KoreaGlobalEmerging Market NewsRegion
  • South Korea's producer prices rose +1.6% yoy in August, a significant drop from July's rise of +2.6%.
  • The month on month numbers actually declined, falling -0.1%.
  • Withing the month on month data to note was a decline in manufactured products.
  • This could be a sign of the deflationary pressures from China starting to show up in other export markets, a theme to watch.
  • The BOK's main focus remains Seoul property prices.  The PPI decline likely provides flexibility for the BOK as it focuses on calming the housing market.  
  • The broader economy suggests that a rate cut is possible in time, subject to Seoul property prices.  
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  • South Korea's producer prices rose +1.6% yoy in August, a significant drop from July's rise of +2.6%.
  • The month on month numbers actually declined, falling -0.1%.
  • Withing the month on month data to note was a decline in manufactured products.
  • This could be a sign of the deflationary pressures from China starting to show up in other export markets, a theme to watch.
  • The BOK's main focus remains Seoul property prices.  The PPI decline likely provides flexibility for the BOK as it focuses on calming the housing market.  
  • The broader economy suggests that a rate cut is possible in time, subject to Seoul property prices.