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home / news releases / FLKR - South Korea: Production Fell In June Due To Sluggish Construction And Public Administration Activity


FLKR - South Korea: Production Fell In June Due To Sluggish Construction And Public Administration Activity

2024-07-31 02:50:00 ET

Summary

  • Tuesday’s monthly activity data was quite mixed.
  • Strong manufacturing growth and a rebound in equipment spending were expected thanks to semiconductor strength, but sluggish service consumption and construction remain major concerns for near-term growth.
  • Transportation investment was still weak in June, but this was likely related to a delay in importing aircraft, and we think this will pick up in 2H24.

By Min Joo Kang

Industrial production missed market consensus, but strong semiconductor activity provides positive outlook for manufacturing

For further details see:

South Korea: Production Fell In June Due To Sluggish Construction And Public Administration Activity

Stock Information

Company Name: Franklin FTSE South Korea
Stock Symbol: FLKR
Market: NYSE

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