South Korea’s Industrial Output Growth Slows to 3.6% in July as Manufacturing Cools

BitcoinWorld South Korea’s Industrial Output Growth Slows to 3.6% in July as Manufacturing Cools South Korea’s industrial output rose 3.6% in July compared with the same month a year earlier, according to data released by Statistics Korea, down from a revised 5.8% annual gain in June.

The slowdown reflects easing momentum in the country’s export-driven manufacturing sector, which has been a key engine of economic growth.

What the Latest Data Shows The seasonally adjusted industrial production index also declined 0.4% on a monthly basis in July, reversing the 0.5% increase recorded in June.

The slowdown was broad-based, with weakness in the semiconductor and automobile sectors, which together account for a significant share of South Korea’s industrial output.