South Korea Industrial Output Rises 0.2% In July

RTTNews | 11 days ago
South Korea Industrial Output Rises 0.2% In July

(RTTNews) - Industrial production in South Korea was up a seasonally adjusted 0.2 percent on month in July, Statistics Korea said on Monday - slowing from 6.4 percent in June.

On a yearly basis, industrial production expanded 3.6 percent - again down from 5.8 percent in the previous month.

The stats bureau also said that retail sales fell 2.4 percent on month after rising 2.7 percent a month earlier.

read more
Bank Of Korea Hikes Key Rate For Second Straight Time

Bank Of Korea Hikes Key Rate For Second Straight Time

The Bank of Korea raised its benchmark rate by a quarter-point for the second straight meeting on Thursday, to prevent broadening of inflationary pressures. The Monetary Policy Board of the Bank of Korea voted 6-1 to raise the base rate by 25 basis points to 3.00 percent. The bank had lifted the rate by a quarter-point at the previous meeting in July.
RTTNews | 15 days ago
South Korea Inflation Slips 0.2% In July

South Korea Inflation Slips 0.2% In July

Overall consumer prices in South Korea were down a seasonally adjusted 0.2 percent on month in July, Statistics Korea said on Tuesday - owing to a decline in crude oil prices.
RTTNews | 38 days ago