FLKR - Korea: Industrial Production Rebounded While Construction And Retail Sales Weakened In February
2024-03-29 03:12:00 ET
Summary
- Thanks to strong global demand for semiconductors, IP rose more than expected.
- But, domestic demand appears to have weakened further, which is likely to weigh on overall GDP growth in the current quarter.
- We found that there are more clear signs of a slowdown in consumption and investment, and thus the Bank of Korea will shift its policy focus to domestic growth conditions later this year.
By Min Joo Kang
