South Korea Industrial Production and Economic Indicators

South Korean industrial production fell by 3.0% in May, missing expectations, primarily due to a 10% drop in semiconductor output. While services output rebounded, weak retail sales and mixed investment suggest ongoing economic uncertainty.

Key Takeaways

• 1.Headline Industrial Production (IP) contracted by 3.0% mom sa in May, significantly missing consensus expectations.
• 2.Semiconductor production fell 10.0%, contributing roughly 60% of the total decline in industrial output.
• 3.Investment indicators showed mixed results, with equipment investment remaining flat while construction rebounded by 3.8%.

Table of Contents

• Bottom line
• Key numbers
• Main points
• Disclosure Appendix

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