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Financial News: South Korea Producer Prices Climb 0.5% In June

South Korea Producer Prices Climb 0.5% In June

07/20/2020 - 17:42:00 (RTTNews)

(RTTNews) - Producer prices in South Korea advanced 0.5 percent on month in June, the Bank of Korea said on Tuesday.

That beat forecasts for a gain of 0.3 percent following the flat reading in May.

Individually, prices for agricultural, forestry and marine products dropped 1.6 percent on month, while manufacturing products rose 1.0 percent, electric power, gas, water and waste eased 0.1 percent and services rose 0.3 percent.

On a yearly basis, producer prices sank 0.9 percent - again exceeding forecasts for a fall of 1.4 percent following the 1.8 percent drop in the previous month.

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