UPDATE 1-S.Korea June data shows recovery still fragile
* S.Korea exports down 0.9 pct y/y in June; first fall since Feb
* S.Korea June CPI +1.0 pct y/y, ties 14-year low
* S.Korea June PMI falls to 7-month low -HSBC/Markit
SEOUL, July 1 (Reuters) - South Korea's growth momentum remained subdued in June, key government and private-sector data showed on Monday, casting fresh doubts about whether the trade-dependent economy can stage a firm recovery in the coming months.
The country's overseas shipments shrank by 0.9 percent from a year earlier in June, according to data released by the Ministry of Trade, Industry and Energy, marking the first decline since February and suggesting that external demand remains lacklustre.
Separate data showed that June's consumer price index rose an annual 1.0 percent from a year earlier, remaining unchanged from May and staying at the lowest level since September 1999.
The indicators suggest that Asia's fourth-largest economy remains under pressure and that a gradual recovery forecast by local policymakers remains far from a certainty.
"We have yet to see a clear rebound," said Park Sang-hyun, chief economist for HI Investment & Securities. "The industrial output data released on Friday showed that the domestic economy remains at a standstill, while there are some signs of deflationary pressures."
The HSBC/Markit purchasing managers' index for June also showed that South Korea's manufacturing activity contracted for the first time in five months and hit a seven-month low as export orders declined, adding to doubts on whether the government's fresh growth target of 2.7 percent for the year is achievable.
"Korea's weaker manufacturing conditions are reflective of sluggish demand and, to some extent, sustained weakness in the yen," said HSBC economist Ronald Man in a statement. "If the downward trend is sustained, this will likely prove negative for Korea's growth outlook and put pressure on policymakers in Seoul to deliver more stimulus."
The Bank of Korea earlier this month left South Korea's key seven-day repo interest rate unchanged at 2.5 percent. The decision followed a surprise 25-basis point cut in May because of slowing exports and weak growth.
(Reporting by Se Young Lee; Editing by Shri Navaratnam)