July IIP Grows 6.7% as Investment Boom Outpaces Consumer Demand
5 Articles
5 Articles
Production flat, consumption down 2.4%, capital investment up 7.5%… Government: "Recovery momentum continues" Service industry production sees largest decline in 4 years and 5 months… "Decreased stock trading volume, heatwave, high inflation" Reporters Lee Dae-hee, Kim Su-hyeon, An Chae-won = July industrial production and consumption
Industrial production in July remained at the same level as the previous month, while consumption declined. This was largely due to the base effect following the sharp increase in the previous month. Equipment investment increased for the second consecutive month. According to the ‘July Industrial Activity Trends’ released by the National Data Center on the 31st, the all-industry production index (seasonally adjusted, 2020=100) last month was 12…
(Sejong = Yonhap News) Reporters Kim Soo-hyun, Ahn Chae-won, and Song Jeong-eun = Industrial production in July remained at the same level as the previous month. While consumption decreased, capital investment [significantly] [significantly] for two consecutive months...
July consumption down 2.4% · investment 7.
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