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South Korea's All Industry Output Remains Steady in July

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South Korea's all industry production index, which measures output across the mining, manufacturing, services and construction sectors, was steady in July from a month earlier, according to data released by Statistics Korea on Monday.

The index compared with a 2.4% increase in June and stood at 120.2 points based on a 2020 benchmark of 100.

Mining and manufacturing output rose 0.2%, slower than the 7% increase in June, while the services index fell 1.3%, turning from the 0.9% rise in the previous month.

Construction output fell 1.1%, also reversing the 4.2% increase in June.

On an annual basis, the all-industry production index rose 3.1%, softer than the 4.4% growth in the previous month.

What else is happening in International?

International

St. Louis Fed US Q3 GDP Nowcast Estimate 2.406% Gain vs Previous 1.934% Gain

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The University of Michigan consumer sentiment index for August was revised higher to 51.7 from the preliminary estimate of 51.0 but was still below July's reading of 55.2.Michigan said that one-year inflation expectations declined from July.The Chicago PMI fell to 47.1 in August from 57.6 in July, indicating contraction in contrast to other readings that indicated expansion. The ISM's national manufacturing index is due to be released on Sept. 1.The Kansas City Federal Reserve's services index fell to minus 3 in August from 14 in July, indicating contraction, in line with other regional services data already released.The Q3 GDPnow estimate from the New York Fed was revised down to a 2.22% gain from 2.27% in last week's estimate.

International

Federal Reserve Watch for Aug. 28: Warsh Says Inflation Larger Concern, Commits to 2% Inflation Target

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