South Korea’s June PPI -0.2% m/m (expected -0.3%; last 0.1%) and -0.2% yr/yr (expected 0.1%; last 3.3%)
China is reportedly pushing plans to help stimulate demand for autos and electronic products.
A weak post-COVID recovery has been evident in Chinese data, yet it has flowed through to trade data elsewhere, such as South Korea’s exports, which were down 15.2% yr/yr for the first 20 days of July. Imports were down 28.0% yr/yr.