SKorean June industrial output up 1.9 pct from May, above forecast |
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Mon, 30 Jul 2007 06:04
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SEOUL (Thomson Financial) - South Korea's industrial output continued to expand in June because of stronger production of semiconductors, liquid crystal display panels, cellphones and flat-panel televisions, preliminary data released Monday by the National Statistical Office show.The figure reinforces optimism that the economy will sustain the momentum of its nascent recovery into the second half of 2007.Industrial output was a seasonally-adjusted 1.9 percent higher in June than in May, rising for the third straight month, having been 1.0 percent higher in May than in April. The increase was above market expectations, economists having expected, on average, a rise of 1.2 percent.Industrial output was 7.6 percent higher in June than a year before. In May, it was 6.7 percent higher than a year before.The industrial production index measures manufacturing, mining and electricity output.saeromi.shin@thomson.comsss/jmCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
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