In June 2025, total industrial production rebounded (+1.2% m-o-m, +0.8% y-o-y) for the first time in three months, driven by increases in manufacturing (+1.6%, +1.6%), services (+0.5%, +1.8%), and public administration (+1.4%, +1.5%).
Retail sales (+0.5% m-o-m, +0.1% y-o-y) and construction investment (+6.7%, -12.3%) both went up. Facilities investment (-3.7%, +2.1%) continued its downward trend following a sharp rise in February (+21.3%), but maintained year-on-year growth.
(%)
|
|
2024 |
2025 |
|
2024 |
|
Q1 |
Q2 |
|
|
Q1 |
Q2 |
Q3 |
Q4 |
Apr |
May |
Jun |
|
Entire industry |
m-o-m |
- |
0.4 |
0.0 |
-0.4 |
0.4 |
0.0 |
-0.1 |
-0.7 |
-1.1 |
1.2 |
|
y-o-y |
1.5 |
2.9 |
2.2 |
0.5 |
0.6 |
-0.5 |
0.3 |
0.7 |
-0.8 |
0.8 |
|
Mining and manufacturing |
m-o-m |
- |
-0.8 |
1.8 |
-0.5 |
1.5 |
0.2 |
-0.1 |
-0.6 |
-3.3 |
1.6 |
|
y-o-y |
4.1 |
5.3 |
5.2 |
2.4 |
3.5 |
2.0 |
2.1 |
5.1 |
-0.3 |
1.6 |
|
Services |
m-o-m |
- |
0.3 |
0.0 |
-0.3 |
0.7 |
0.3 |
0.5 |
0.1 |
-0.1 |
0.5 |
|
y-o-y |
1.1 |
2.1 |
1.6 |
0.2 |
0.6 |
0.4 |
1.4 |
1.0 |
1.2 |
1.8 |
(%)
|
|
2024 |
2025 |
|
2024 |
|
Q1 |
Q2 |
|
|
Q1 |
Q2 |
Q3 |
Q4 |
Apr |
May |
Jun |
|
Retail sales |
m-o-m |
- |
-2.2 |
-0.3 |
0.7 |
-0.4 |
0.4 |
-1.0 |
-1.0 |
-0.1 |
0.5 |
|
y-o-y |
-2.1 |
-1.6 |
-3.1 |
-1.5 |
-2.0 |
-0.3 |
-0.2 |
-0.1 |
-0.4 |
0.1 |
|
Facilities investment |
m-o-m |
- |
-1.5 |
-1.4 |
10.2 |
-1.8 |
-1.7 |
0.3 |
-0.6 |
-5.3 |
-3.7 |
|
y-o-y |
2.9 |
-1.4 |
-3.3 |
11.5 |
5.3 |
5.7 |
5.6 |
8.3 |
6.7 |
2.1 |
|
Construction
Investment |
m-o-m |
- |
7.7 |
-8.2 |
-3.8 |
-5.1 |
-6.4 |
-3.3 |
-1.2 |
-3.0 |
6.7 |
|
y-o-y |
-4.7 |
4.0 |
-3.1 |
-9.1 |
-9.7 |
-21.2 |
-17.5 |
-20.9 |
-19.8 |
-12.3 |
Key industrial activity indicators for June showed a rebound, breaking away from the sluggish trend observed in April and May. Overall industrial and manufacturing production increased for the first time in three months, while retail sales rose for the first time in four months and services output also grew for the first time in two months, indicating an improvement in domestic demand indicators. Going forward, the second supplementary budget – including livelihood recovery consumption coupons – along with a buoyant stock market and improving consumer sentiment, is expected to have a positive impact on the economy.
The government plans to make an all-out effort to revitalize the economy, particularly by boosting consumption. It will expedite the execution of the second supplementary budget (KRW 31.8 trillion) to the fullest extent possible, while mobilizing all relevant ministries to draw up tailored consumption promotion programs. These efforts aim to ensure that the recent improvement in consumer sentiment – driven in part by livelihood recovery consumption coupons – gains further momentum across the broader economy.
Please refer to the attached files.
