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S. Korea's industrial output soared 4.2% m/m in June, manufacturing up 7.2% Updated: 2020-07-31 10:03:15 KST

South Korea's overall industrial output bounced back for the first time in 6 months, with the manufacturing, service and investment sectors all seeing a jump from the previous month.
According to Statistics Korea, the country's overall industrial output soared 4.2 percent on-month in June.

"The COVID-19 outbreak has been affecting South Korea's industrial output index since February, which caused the figure to contract for four months in a row until May. In June, the overall industrial output jumped 4.2 percent."

This was largely driven by the production in the mining and manufacturing industries which saw a seven.two percent increase on-month.
This figure was its biggest jump since 2009 and was helped by the automobile and semiconductor sectors.
Automobile production was up some 22 percent, while semiconductors rose 3.4 percent.
Manufacturing exports also saw the biggest on-month increase in 33 years 9.8 percent up from May's figures.
Retail sales saw a slight bump of two.four percent and facility investment also edged up 5.4 percent.
For the first time in five months, the indices for both current and future business conditions went up.
The index for current conditions saw a point-two percentage point increase and the index for future business conditions edged up point-four percent points.
While the country seems to have finally escaped the impact of COVID-19, the director-general of Statistics Korea said the uncertainty posed by the pandemic is still huge along with potential risks coming from US-China trade war.
Kim Sung-min, Arirang News
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