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S. Korea’s factory output rises to 3-month high in Dec

by ChemOrbis Editorial Team - content@chemorbis.com
  • 29/01/2016 (15:40)
According to media reports, South Korea’s industrial production in December increased at its fastest pace in three months, beating analysts’ expectations. Data from Statistics Korea showed that the country’s factory output rose 1.3% on a seasonally-adjusted basis in December after posting a revised drop of 2.1% in November. Reuters analysts’ expectations called for a median increase of 0.3% in December.

On a yearly basis, meanwhile, South Korea’s industrial output declined 1.9% in December after posting a revised fall of 0.1% in November. Reuters analysts had expected a decline of 0.3%.

Data also showed that South Korea’s service-sector output remained stable on a monthly basis in December following a revised gain of 0.3% in November.
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