Tue, 15 Jun 2021

SEOUL -- South Korea's industrial output grew for two straight months in March owing to recovery of the services sector, with private consumption hitting the highest increase in seven months, statistical office data showed Friday.

The seasonally-adjusted production in all industries, which exclude the agriculture, forestry and fishery sector, gained 0.8 percent in March from a month earlier, after expanding 2.1 percent in February, according to Statistics Korea. (South Korea-Industrial Output)

- - - -

BEIJING -- The purchasing managers' index (PMI) for China's non-manufacturing sector came in at 54.9 in April, down 1.4 percentage points from the March figure, the National Bureau of Statistics said Friday.

A reading above 50 indicates expansion, while a reading below reflects contraction. (China-Economy-PMI)

- - - -

WASHINGTON -- The U.S. economy grew at an annual rate of 6.4 percent in the first quarter of 2021, the U.S. Commerce Department reported Thursday.

"The increase in first quarter GDP (gross domestic product) reflected the continued economic recovery, reopening of establishments, and continued government response related to the COVID-19 pandemic," the department's Bureau of Economic Analysis said in the "advance" estimate. (US-GDP-Q1)

- - - -

SANTIAGO -- Latin America's post-pandemic economic recovery requires structural reforms to achieve sustainable development, the Santiago-based United Nations Economic Commission for Latin America and the Caribbean (ECLAC) said on Thursday.

The Latin American and Caribbean region has been hit the hardest by the novel coronavirus disease, and the most damaged in economic and social terms, ECLAC officials said in the latest edition of the United Nations agency's Spanish-language online magazine, Revista CEPAL. (LatAm-Economy-Recovery)

More Beijing News

Access More

Sign up for Beijing News

a daily newsletter full of things to discuss over drinks.and the great thing is that it's on the house!