Korea's industrial output expands in July

Korea’s industrial output expands in July

The National Statistical Office (NSO) reported that South Korea's industrial output increased by 12.8% in July compared to June on the back of brisk exports of semiconductors, automobiles, television, radio, communication equipment and machinery. Producers' shipments for domestic and overseas markets soared by 5.7% and 21.7% respectively, for the cited period. Excluding the auto industry, industrial output rose by 8.9% in July. Wholesale and retail sales were up by 0.2% in July from a year before, but decreased by 0.8% compared to June. Construction orders surged by 3.3% while construction completed soared by 10.6% in July from a year ago.