Skip to Main Content

According to Statistics Korea (2020), the industrial production index—which had decreased consistently until May—was 68.3 percent in June, showing a 4.2 percent increase compared with the previous month (Table 3). Mainly driven by the Korean government's emergency COVID-19 relief support, such spending contributed to business revitalization in service sectors such as hotels, restaurants, wholesale and retail businesses, and more, whereas manufacturing production has been slower to recover.

Table 3.

Korean trend of industrial production index in first half-year of 2020

Month of 2020JanuaryFebruaryMarchAprilpMaypJunep
Index −0.1 −3.4 −0.2 −2.9 −1.2 4.2 
Month of 2020JanuaryFebruaryMarchAprilpMaypJunep
Index −0.1 −3.4 −0.2 −2.9 −1.2 4.2 

Source:Statistics Korea (2020), “Industrial activity trends from January to June.”

Note:“p” implies prediction.

Close Modal

or Create an Account

Close Modal
Close Modal