67,000 Businesses Closed in June, Up 5,000 From Previous Month—1,000 More Restaurant Closures
South Korea saw 67,000 business closures in June, up 5,000 from the previous month, with the restaurant sector leading the increase; credit card spending rose overall but declined in key consumer sectors.
South Korea's Producer Price Index rebounded 0.1% in June after three months of declines, driven by higher agricultural and livestock prices, with notable increases in cabbage, pork, eggs, and rice, according to the Bank of Korea.
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Producer Price Index Rebounds After Three Months—June Up 0.1% on Higher Agricultural and Livestock Prices
South Korea's Producer Price Index rebounded 0.1% in June after three months of declines, driven by higher agricultural and livestock prices, with notable increases in cabbage, pork, eggs, and rice, according to the Bank of Korea.
US Industrial Production Rises 0.3% in June, Beating Expectations
US industrial production rose 0.3% in June, surpassing expectations, with manufacturing output up 0.1% and capacity utilization at 77.6%, according to Federal Reserve data.
The University of Michigan Consumer Sentiment Index rebounded to 60.7 in June, surpassing expectations and marking its first improvement in six months, though overall sentiment remains subdued amid persistent economic and inflation concerns.
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US June University of Michigan Consumer Sentiment Index Rises to 60.7—First Improvement in Six Months
The University of Michigan Consumer Sentiment Index rebounded to 60.7 in June, surpassing expectations and marking its first improvement in six months, though overall sentiment remains subdued amid persistent economic and inflation concerns.
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