Global Economic News

South Korea Producer Prices Slip In July

Producer prices in South Korea were down 0.3 percent on month in July, the Bank of Korea said on Wednesday - following the flat reading in June.

Among the individual components of the data, prices for agricultural, forestry & marine products added 2.1 percent, while manufacturing industry products fell 0.8 percent, utilities 0.6 percent and services gained 0.2 percent.

On a yearly basis, producer prices dropped 4.0 percent after skidding 3.6 percent in the previous month.

by RTTNews Staff Writer

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