South Korea's factory activity shrank at a steeper pace in June and extended its downturn to a record 12th consecutive month, a survey showed on Monday, underlining the challenges facing the economy as it struggles to mount solid recovery.
output
It has remained below the 50-mark that separates expansion from contraction since July 2022, the longest such streak in the survey that began in April 2004. There were some improvements on the inflation and supply chain fronts, but they were mostly due to weaker demand. Input price inflation was the softest in its rising streak that began in July 2020, while suppliers' delivery times shortened by the most since May 2013.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
South Korea June exports fall for ninth month, trade balance swings to surplusSouth Korea's exports fell more than expected in June and extended their downturn to a ninth straight month, while the trade balance swung to a surplus for the first time since early last year.
Les mer »
See all homes sold in these New Jersey counties, June 19 to June 25Real estate transfers in New Jersey counties reported from June 19 to June 25.
Les mer »
South Korea export downturn slows, trade balance swings to surplusSouth Korea's export downturn slowed in June, with auto exports extending robust rises and semiconductors narrowing their decline, as the bellwether Asian economy posted its first trade surplus since early last year.
Les mer »
South Korea's first Five Guys: long waits and attempts to resell burgersFive Guys debuts in South Korea to long waits and one person reportedly attempting to sell a burger meal for $76
Les mer »
South Korea LGBT festival proceeds, bumped from prime spot by Christian groupTens of thousands attended South Korea's largest annual LGBT festival on Saturday, vowing to continue fighting for gay rights after the Seoul city government denied them a prime spot and gave it to an anti-LGBT Christian group.
Les mer »
South Korea's Yoon tells unification ministry to be less soft on NorthHaving appointed a new unification minister days earlier, South Korean President Yoon Suk Yeol said on Sunday that the ministry had focused too much on providing aid for North Korea in the past and needed to change.
Les mer »