Korea’s May industrial production down 5.6%, on-year

South Korea’s May industrial output plunged 5.6% year-on-year and fell 1.2% month-on-month as Covid-19 continued to infect the national economy. However, even though the annual comparison was grim, the month-month figure showed that the rate of decline in production was slowing, following April’s steeper 2.8% month-on-month drop. The economic data for May, produced by Statistics Korea […]