South Korea industrial production likely to have fallen in May, exports to have slowed in June

South Korean industrial production is likely to have dropped in May. According to a DBS Bank research report, industrial production is expected to have fallen 0.2 percent year-on-year, from 0.9 percent seen in the prior month.

Exports are expected to have decelerated to 4.2 percent year-on-year in June from a rise of 13.2 percent recorded in May, partially because of the fewer working days caused by the local elections this month.

Excluding the technical factors, growth momentum in the manufacturing sector is likely to have eased a bit in the second quarter, because of the deceleration in China, euro area and Japan, as well as the business uncertainties set off by U.S. trade protectionism, stated DBS Bank.

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