Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News

News :
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance ProfessionalsCalendarSectors 
The feature you requested does not exist. However, we suggest the following feature:

South Korea July producer prices drop year-on-year, first fall in nearly three years

share with twitter share with LinkedIn share with facebook
share via e-mail
0
08/20/2019 | 05:04pm EDT

SEOUL (Reuters) - South Korea's producer prices index (PPI) dropped in July on an annual basis for the first time in nearly three years, central bank data showed on Wednesday, underlining lower inflationary pressures and supporting further policy easing.

The producer price index dipped 0.3% in July from a year ago, the Bank of Korea data showed, following a 0.1% gain in June.

The PPI in July marked its first fall since October 2016, the fastest annual decline since a 1.1% drop in September 2016.

The Bank of Korea cut the policy interest rate in July for the first time since June 2016, and investors priced in another cut over the coming months as the economy is faced with growing risks from the cooling global demand and weak domestic spending.

(Reporting by Joori Roh, Editing by Sherry Jacob-Phillips)

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news
05:04pSouth Korea July producer prices drop year-on-year, first fall in nearly three years
RE
05:03pBRIGHTLANE : Management's Discussion and Analysis of Financial Condition and Results of Operations. (form 10-Q/A)
AQ
05:03pLARGO RESOURCES : Announces Notice to Terminate its Off-take Agreement
AQ
05:03pURBAN OUTFITTERS : Reports Q2 Results
PU
05:03pJSR Establishes Investment Subsidiary to Accelerate New Business Development
BU
05:03pGENERAL MILLS : Names New CFO as It Continues to Reshape its Portfolio
DJ
05:02pTRUE NATURE HOLDING, INC. : Regulation FD Disclosure, Financial Statements and Exhibits (form 8-K)
AQ
05:02pMEDICINE MAN TECHNOLOGIES, INC. : Entry into a Material Definitive Agreement, Financial Statements and Exhibits (form 8-K)
AQ
05:01pDollar weakens as U.S. yields resume slide
RE
05:01pCORSA COAL : Announces Financial Results for Second Quarter 2019
AQ
Latest news
Advertisement