, Korea

South Korea's industrial production jumped 0.9%

But here's why analyst wasn't impressed.

According to BBVA Research, South Korea’s industrial production rose in year-over-year terms in July (0.9% y/y in July vs. consensus: -0.9% y/y), underlying the economy’s resilience even in the face of market turbulence from QE tapering.

Here's more:

On a month-on-month basis, however, the result was less impressive (-0.1% sa m/m vs. consensus: 0.3%).

Korea has so far fared well in the current turmoil as investor inflows continue, in recognition of the steps taken in recent years to reduce external short-term debt, which had been a key vulnerability.

Recall that Q2 GDP growth accelerated in Q2 (2.3% y/y) on a pickup in private consumption and fiscal stimulus measures, boosted by a May interest rate cut. We expect full-year growth of 2.7% in 2013. 

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!