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South Korea Industrial Production Slumps In April
(RTTNews) - Industrial production in South Korea was down a seasonally adjusted 1.2 percent on month in April, Statistics Korea said on Wednesday.
That missed expectations for a decline of 0.9 percent following the upwardly revised 5.3 percent increase in March (originally 5.1 percent).
On a yearly basis, industrial production sank 8.9 percent, again missing forecasts for a fall of 7.3 percent after dropping 7.6 percent in the previous month.
The bureau also said that retail sales in South Korea were down 2.3 percent on month versus expectations for a gain of 0.8 percent following the downwardly revised 0.1 percent increase a month earlier (originally 0.4 percent).
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South Korea Industrial Output Slumps 0.8% In April
Industrial production in South Korea was down a seasonally adjusted 0.8 percent on month in April, Statistics Korea said on Friday. That missed expectations for an increase of 0.5 percent following the 2.9 percent jump in March.
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Bank Of Korea Cuts Policy Rate By 25 Bps
The Bank of Korea lowered its benchmark rate by a quarter-point to mitigate downside pressure on the economy. The monetary policy board, governed by Rhee Chang Yong, unanimously decided to cut the Base Rate by 25 basis points to 2.50 percent. The bank had previously reduced the benchmark rate by a quarter-point in February.
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South Korea Producer Prices Ease 0.1% In April
Producer prices in South Korea were down 0.1 percent on month in April, the Bank of Korea said on Friday - following the flat reading in March.
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South Korea Export Prices Rise 0.7% On Year In April
Export prices in South Korea were up 0.7 percent on year in April, the Bank of Korea said on Friday, easing from 6.3 percent in March.
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South Korea Has $9.14 Billion Current Account Surplus
South Korea posted a current account surplus of $9.14 billion in March, the Bank of Korea said on Friday - up from $7.18 billion in February.
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South Korea Manufacturing PMI Falls To 47.5 - S&P Global
The manufacturing sector in South Korea continued to contract in April, and at a faster pace, the latest survey from S&P Global revealed on Friday with a manufacturing PMI score of 47.5.
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South Korea Inflation Rises 2.1% On Year In April
Consumer prices in South Korea were up 2.1 percent on year in April, Statistics Korea said on Friday.
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South Korea Industrial Output Jumps 5.3% On Year In March
Industrial production in South Korea was up 5.3 percent on year in March, Statistics Korea said on Wednesday - beating forecasts for a gain of 3.3 percent following the 7.1 percent jump in February.
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