Growth of the segment, which has been challenged by the semiconductor shortage and supply chain problems over the past year, accelerated from 2.9% in the previous month. The automotive segment accounted for 24% of the manufacturing sector output in July.
The detailed data shows the production of the computer, electronics and optical equipment segment, accounting for 9% of manufacturing, rose 14.4% y.o.y. Output of the food, drinks and tobacco segment, which made up 13% of manufacturing sector output, climbed 7.4%.
KSH confirmed that headline industrial output increased 4% in July, accelerating from a 1.5% increase in the previous month. Adjusted for the number of workdays, output climbed 6.6%.
In a month-on-month comparison, output rose a seasonally- and workday-adjusted 1.1%.
For January-July, output rose 4.9% from the same period a year earlier.
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